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

To: Mike M2 who wrote (28594)	5/28/1998 3:29:00 PM
From: John Dally	Read Replies (2) \| Respond to of 132070

Hi Mike, <<CNBS first call earnings estimates fer 2Q projects 5.7%>> I'm sure you and Will share a subscription to the WSJ (makes it 1/2 cost for each of you twins), but just in case, here are some excerpts: Corporate Profits Decline by 2.2%, In Second Straight Quarterly Drop An INTERACTIVE JOURNAL News Roundup U.S. corporate profits declined in the beginning of 1998, the second-straight quarterly drop and the first back-to-back decline in nine years. After-tax corporate profits fell 2.2% in the first quarter after declining 2.3% in the fourth quarter, the Commerce Department reported Thursday. Worries about a profit squeeze pushed the Dow Jones industrial average below 9,000 this week. It had hit a record high on May 13. The department on Thursday also reported that the economy grew faster in the first quarter than previously reported, although its first estimate of moderate inflation barely budged. First-quarter gross domestic product rose at an annual rate of 4.8%, up from the department's earlier estimate of 4.2%. The figures are adjusted for seasonal factors and inflation. The department's measurement of inflation for the period was 1%, up from the 0.9% growth reported in late April.

To: Mike M2 who wrote (28594)	5/28/1998 4:54:00 PM
From: MythMan	Read Replies (1) \| Respond to of 132070

>>To all,( you too Pete-g-)<< come on mike, can't you find something from an American school? Who cares about a bunch of ski jumping austrians <g>

To: Mike M2 who wrote (28594)	5/29/1998 10:54:00 AM
From: Knighty Tin	Read Replies (1) \| Respond to of 132070

Mike, Nice link on the Gold Monitor Lizard thread. <G> Looking at my economic charts, several things have changed since the first quarter to make for better eps this quarter. The dollar is much weaker, so we will sell more products overseas. Asia continues to recover. The spread of nuclear weapons is tightly contained. Our trade deficit has narrowed to the slimmest level I've seen in recent decades. PC sales continue to roar up, especially in dollar terms. The chipmakers are printing money. Viagra has brought six dead people back to life. Banks have greatly decreased their exposure to risky derivative trades. Writeoffs have virtually ceased. Productivity growth is at a new post-WWII high. PE Ratios are very low. The quality of earnings is as solid as Arnold's biceps. Uh-oh, my 4-year old pal, who occasionally helps me run this box and performs the more difficult math problems I can't handle, just walked in and turned my charts right side up. Maybe things don't look so good, after all. But, hey, I'm a bull, and reality will never change my opinion. <G> MB