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

To: Howard Henick who wrote (34113)	10/17/1998 8:54:00 PM
From: Knighty Tin	Read Replies (1) \| Respond to of 132070

Howard, we can only wait and see on rates. Your view is certainly consensus and consensus is sometimes right. There is no profit in agreeing with it, but it is sometimes right. <G> We are not a deflationary economy because our trade deficit guarantees that we import inflation. That is exactly what happened with our massive asset inflation, as foreigners bought into our markets. The last time we had deflation, we were isolationists. We no longer are. As far as fighting the old war goes, I defer to The Who, "Here comes the new boss, Just like the old boss." Anyway, India Fund (IFN) is the best managed fund in the area. I like the discount on IgY better, but the manager is a bit out to lunch. Morgan Stanley isn't badly managed, but it has a lower discount than IFN, which is better managed. Plus, with Morgan Stanley CEFs, you always have to worry about rip off rights offerings. That isn't like right now, but you can never trust them not to try to pick your pocket. Though I have liked Jardine companies in the past, Jardine Fleming India seems to be the weak sister of the group. Pretty annual reports, though. <G> I am kind of light on the put side, but this suckers' rally has lifted a few issues to attractive levels. IBM after the fantasy eps report should be a layup. I plan to buy Intel puts after Xmas. They are doomed. If MU goes over $40, I am adding a second third. Chase is getting close to trigger time again. Ditto for Merrill. The next big player to go under drives the stake in their hearts and there is a limit to how much funny money AG can print. I think there is more stupidity than prining ink. <G> I would prefer CCU at $45, but it is still bloated at $41. Xilinx is a piece of crap ready to croak. And I am looking hard at LHSG and Vodafone. They look awfully pricey. Good luck on your new job. Every nasty thing I say about Morgan Stuckup doesn't apply to you. If I use your name, now, that's different. <G> But I used to work for a company that is a subsidiary of MS. The Van Kampen-American Capital Group. Of course, there was no MS involvement when I was there. MB