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

To: Knighty Tin who wrote (28961)	6/11/1998 7:23:00 PM
From: John Dally	Read Replies (1) \| Respond to of 132070

LOL Michael, Did anyone ever tell you that you can be pretty funny? Here's something to warm your cockle (I know it's supposed to be cockles, but I didn't think you had two of them): 17:07 [CPQ] COMPAQ SEES COMBINED EARNINGS ACCRETIVE IN Q4. 17:05 [CPQ] COMPAQ SEES BREAKEVEN RESULTS FOR Q2 EXCLUDING CHARGES. 17:05 [CPQ] COMPAQ SEES CHARGES IN Q2. 17:05 [CPQ] COMPAQ SEES RESTRUCTURING CHARGES, OPERATING ADJUSTMENTS. 17:05 [CPQ] COMPAQ SEES SEVERAL ACQUISITION CHARGES ON DEC MERGER. Best regards, John.

To: Knighty Tin who wrote (28961)	6/11/1998 8:07:00 PM
From: Michael Bakunin	Respond to of 132070

Some fun from Soros: biz.yahoo.com What, really, 1930's? I'm not sure. Here's a neat article about that from someone who was there, then (John Keynes, 1932): theatlantic.com And may I say in passing, what a lovely day in the market. mb

To: Knighty Tin who wrote (28961)	6/11/1998 9:46:00 PM
From: Cynic 2005	Read Replies (2) \| Respond to of 132070

Mike, I have asked Bill Fleckenstein to join us or take a peek at us here on SI. He said he is going out of country and will check back when he is back. A couple of quotes from today's piece from Bill F.: <<begin quote>> 'What, me worry?' dept. There is real fear in emerging markets, and in Asia, but Alfred E. Newman still seems to strut his stuff at the NYSE. Buying continued all day in PC stocks. God knows what sort of lunacy is convincing people the PC stocks are going to be okay. Maybe they think when Eckhard and Earl, the CFO and CEO of Compaq (CPQ), unveil their new channel-stuffing model tonight it will make the PC world get better. The PC, lest we forget, is the biggest commodity in technology, so I would think those stocks will get slaughtered one of these days as well. Interestingly enough, Intel was acting pretty good. I expect Intel (INTC) to pre-announce some time in the next couple of weeks because business is awful there. The mighty Internet stocks were fairly strong, led by amazing Amazon.com (AMZN). The stock jumped 8-3/8 today, which means it has run almost 50 percent in the last four or five trading sessions. There's obviously a fair amount of lunacy still taking place, although I expect most of the strength in Amazon.com is a function of short covering. The bank stocks, however, were weak today, dropping a percent--even though the bonds rose 5/8 of a dollar. It was a very, very ugly day for the U.S. stock market and I think, unfortunately, it's a harbinger of things to come. As I see it... People have gotten away with a lot of unsound investment strategies or schemes in the last three to five years that are headed for trouble. The whole notion of inventing a concept to justify buying highly speculative stocks is ridiculous. Crazy ideas like, "All the bad news is reflected in the stock price and now we can buy," or "It looks good on the chart," or stock splits, have nothing to do with investing. Almost all these schemes and many others have worked until now, but they are soon going to start costing people money. <<end quote>> stocksite.com

To: Knighty Tin who wrote (28961)	6/12/1998 10:15:00 AM
From: yard_man	Read Replies (1) \| Respond to of 132070

PWI, again? I'd be smiling, but neither of our predictions about MU breaking 20 has happened yet. I guess I'm just the impatient sort. <g> I need to make another 5-bagger on MU again -- that always makes me smile. BTW are you still in CH, EWM and FPF? Misery loves company, ya know. I see lot's of reasons why the USD should get weaker in the coming months, but am wondering when. Any ideas there? Sorely tempted to get more EWM, but will wait for 3 or less as you suggested.