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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: Sam Citron who wrote (9524)	11/26/1997 2:31:00 PM
From: Mike M2	Respond to of 18056

Sam, I posted a brief summary of AG's remarks a while back techstocks.com About the Austrian readings I would start with the Trader Vic summary unless you have time A LOT of time to read. I see you have been investing for 30 yrs well I am a gen x slacker as pete says. My experience in the mkt dates back to fall 1990. mike

To: Sam Citron who wrote (9524)	11/27/1997 11:56:00 AM
From: Mike M2	Respond to of 18056

Sam, I recommend reading this article in Barron's Martin Barnes of The Bank Credit Analyst 11/10/97 p30 also his interview from 10/7/96. Barron's has a webite but i don't know if you can access archives. One critical point Barnes makes in the recent Nov 10 issue is that the annual growth rate in EBITD is less than half the rate of increase of reported earnings. one of the major factors in the reported earnings gains of the last several years is the dramatic reduction of interest expense. Another significant factor has been the accounting methods used for stock options which,in effect, overstates earnings. The specifics are given in an article by Roger Lowenstein of WSJ which someone posted on this thread (anyone out there have the post# handy? I would appreciate it) I'll have more to say later but I want to have breakfast. FOUND IT on this thread go back to post#7104 thanks to John Daly. Happy thanksgiving to all, you too Pete. Mike