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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Think4Yourself who wrote (53544)	7/18/2006 9:23:57 AM
From: Eddy Blinker	Read Replies (3) \| Respond to of 116555

>It's going to be funny if at some point something happens to show conclusively that ALL of the religions are wrong> John Q Public, The financial part of " money-religion " which is presently #1 allowing most of the others to exist for money sakes alone is unfolding right in front of your face. To see it you have to hear it talking. But in order for you to hear it you have to watch it for a while. What better place as on Wall Street? Please reply only if you understand what I said. You must not believe what I say but you should at least say, if you understand what I said. To avoid " NIX VERSTEHN " later on. Regards Eddy Blinker

To: Think4Yourself who wrote (53544)	7/18/2006 11:51:53 AM
From: mishedlo	Respond to of 116555

Ranting about Rambus SAN DIEGO (MarketWatch) -- As I wrote in January: "If I've learned nothing else in more than 30 years of business reporting it's never to try to predict the outcome of a court case or figure out what the damages will be." I then went on rampage, of sorts, over W.R. Hambrecht analyst Daniel Amir's aggressive recommendation of Rambus earlier that based on what he believed the stock's value should be based on the potential damages. Never mind that Amir was basing his ambitious valuation of $38, when the stock was $28, on a multiple of the expected award, which is a one-time event. (Since when do you put a multiple on one-time events?) My bigger beef is that he was trying to predict the outcome and financial winnings of a court case, which at best is ridiculous and at worst, foolish. The column and a subsequent appearance on CNBC's Squawk Box, provoked hostilities like I've never seen. (The Hostile React-o-Meter was spinning outta control, I tell ya - outta control!) The stock peaked in April at around $46. Readers and viewers kept emailing me, telling me I simply didn't understand. "That is absolutely terrible analysis of why Rambus is at the price it is at now," wrote Johnny P. "Reading that article, I can safely say you have completely missed half the field." Barry W., added, "Your posts on Rambus don't reflect the reality of what is going on." Furthermore, Augustin, who said he works hard for his money, wrote, "If you don't understand a stock please refrain writing about it and just admit that you are wrong." Funny, I haven't heard from any of them after a judge on Monday sliced the award in its lawsuit with Hynix Semiconductor by nearly half and granted Hynix a new trial - news that forced Amir to downgrade Rambus at a sharply lower price than his original upgrade. "We now believe it is unlikely that Rambus will be able to collect such an amount in the near future," he says.... ..... marketwatch.com

To: Think4Yourself who wrote (53544)	7/18/2006 12:34:28 PM
From: mishedlo	Respond to of 116555

Producer Price Indexes - June 2006 The Producer Price Index for Finished Goods increased 0.5 percent in June, seasonally adjusted, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. This rise followed advances of 0.2 percent in May and 0.9 percent in April. At the earlier stages of processing, prices received by producers of intermediate goods climbed 0.7 percent in June after increasing 1.1 percent in the prior month, and the crude goods index fell 1.7 percent following a 2.0-percent gain in May. (See table A.) bls.gov