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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Mike M2 who wrote (28531)	5/26/1998 2:43:00 PM
From: Earlie	Read Replies (3) \| Respond to of 132070

Mike: About a year ago, a good friend sent a book to me, after I had spent well over a year writing research reports pertaining to an outright accounting scam company. Initially it was an uphill fight as some of New York's top firms and analysts had been roped in and had raised the company a very big bag full of money. In the end, the stock finally fell off the cliff, but I couldn't believe how long it took for the market to whack it. The book, entitled "The Art of Short Selling", provided excellent behind-the-scenes commentary on famous short situations and was an enjoyable read, as it dealt exclusively with situations where the shorts had carried the day. While I'm not sure it was what the author had intended, the main point this reader gained was that in every single one of the examples provided, it took YEARS for the dogs to die,....or to even lie down,.....and these were the ones wherein the shorts were both right and victorious. There's a lesson in it for us. (g) Best Earlie

To: Mike M2 who wrote (28531)	5/28/1998 2:20:00 PM
From: Mike M2	Read Replies (3) \| Respond to of 132070

To all,( you too Pete-g-) some interesting reading from Gold Monitor thread Steve Hanke Vice Chairman of Freidberg Mercantile Groups U.S. subsidiary. Freiberg is an economist of the Austrian school so he is on Will's list of cool economists #reply-4603902 . Also see Paul Krugman " Japan's Trap #reply-4622113 I forgot to write down the reply # but post # 12253 on de Gold Monitor links "The Dawn of the U.S. Bear MKT" article . One final tidbit from CNBS first call earnings estimates fer 2Q projects 5.7% earnings growth -much too optimistic IMO. Tell what has improved since Q1 to justify such absurd optimism? ho ho ho Mike