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

To: Knighty Tin who wrote (30169)	7/23/1998 5:38:00 PM
From: James M. Belin	Read Replies (1) \| Respond to of 132070

Mike, I cannot believe that Micron actually increased in price today. In a recent Market Rap column, Fleckenstein speaks of manipulation and painting the tape. Do you have any thoughts who the Michelangelo of Micron's stock price might be? Jim

To: Knighty Tin who wrote (30169)	7/23/1998 6:51:00 PM
From: Joseph G.	Read Replies (1) \| Respond to of 132070

Mike, Korean banks' first half loss is 1/3 of capital, gonna get worse in second half: bloomberg.com@@eHMUzwYAA9yvyH*F/news2.cgi?T=news2_ft_topww.ht&s=560223512

To: Knighty Tin who wrote (30169)	7/23/1998 7:27:00 PM
From: PaperChase	Respond to of 132070

Re: Gateway: "To offset pricing pressure, the company will need to sustain unit growth of three times that of the overall market," said Ashok Kumar, PC analyst for Piper Jaffray. This analyst is really pushing his luck. Such blinding honesty. I kind of like this guy. I'll track down his research reports before he becomes unemployed <G>.

To: Knighty Tin who wrote (30169)	7/23/1998 8:03:00 PM
From: Kerry Phineas	Read Replies (2) \| Respond to of 132070

MB, of course the types of securities and all that yabber jabber depend on the type of insurance company. I think health insurance companies tend to be more invested in the stock market; and the fixed income securities would tend to be of a shorter duration because dur. of the securities tend to match the duration of the coverage for most insurance companies. (right? You did that type of duration matching investing before, right?) I know at one unnamed insurance company they had a rather significant stock portfolio. Also, I looked at Traveler's earnings report in April, and the market is responsible for what seemed like all their earnings growth. imo the bigger risk is that insurance companies have been hiding operating weakness with their investment gains, not the complacency, which also seems to be bad. Y2K should be huge for insurance companies also, imo. That hasn't really been picked up on too much, but they have reams and reams of data and usually legacy systems written with ancient code.