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

To: PaperChase who wrote (28941)	6/11/1998 7:04:00 AM
From: Skeeter Bug	Respond to of 132070

"mythical earnings worries." and he wants to invest in dd and semis. what a loser. no wonder kurlack is "the best there is." but at what, cramer? ;-)

To: PaperChase who wrote (28941)	6/11/1998 11:56:00 AM
From: Knighty Tin	Read Replies (2) \| Respond to of 132070

Chaser, I am flabbergasted to see this goof say that the media is fixated on the negative, even bubble market Informercial CNBS. He is out to lunch. The simple fact is, this guy isn't in a position long enough to have an opinion. His flip-flop on Ascend shows his true colors. When I was buying puts at the top, he loved it. When I bought stock at the bottom, he hated it. Now he loves it again. What do the puts look like? -g- I think his whole game is interest rate driven. He may not remember that rates were pretty low in The Depression, too. -g- GTW's eps are mostly accounting fiction. Now, they are going to front-load revenues and phony profits with this goofus program, building huge, unfunded liabilities for the future. If analysts can't figure this out, then they may have another couple of quarters of fake up eps. In the late 1960s I owned a co. called National Equipment Rental that did the same thing with computers. The stock went from $17 to $114 before it went belly up. I bailed at $72 on the way up, even though I was a permabull. The problem with loose credit is an ever-increasing trade deficit. When is enough too much? I don't know. I thought we were already there. So far, Greenspan cannot do anything about it because foreign interest rates are artificially low. And if they raise rates, we will have to learn how to spell worldwide deflation. MB