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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Tom Kearney who wrote (17799)	3/17/1998 11:35:00 PM
From: BigShoulders	Respond to of 70976

Tom and all Senator Moynihan, proposed changes in social security that would put the plan on sound footing for the baby boomers. Some adjustments to the retirement age and monthly payouts. For next 25 years or so the FICA rate would be reduced (That's not a misprint) Rate would rise later. I don't remember all the details. it was a short article in today's USA Today; probably also in WSJ or somewhere on the Web. Seems to me changes like these would be bullish for the economy and be positive for the markets. Moynihan has, for his entire career, staunchly resisted any changes in SS. Could he be catching a bug called fiscal responsibility? Could it be contagious to others in Congress? Time will tell. Don't let go of your wallet just yet. Old habits are hard to break! BigShoulders

To: Tom Kearney who wrote (17799)	3/18/1998 2:13:00 PM
From: 16yearcycle	Read Replies (1) \| Respond to of 70976

Tom, I think it is highly significant that Buffett expressed frustration with having to allow pitch after pitch to sail by, but also felt it would be some time before he sees reasonable bargains. Of course, I think this is smart because I've believed it for 7 years now. 10 to 15 to go. We will continue to have "rotations" from one area to another, so there will be pitches to rip at: cpq at 23, amat at 26,csco at 31, G at 59, mrk at 80, msft at 116(before the split), etc. I am not as picky as Buffett. Still, I am waiting for the expected pre- April 15 going out of business sale. I can hardly stand it...