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

To: Knighty Tin who wrote (45500)	2/2/1999 11:39:00 PM
From: Lucretius	Read Replies (2) \| Respond to of 132070

look at this clown: "This is just normal market volatility," said Thomas McManus, equity portfolio strategist at NationsBanc Montgomery Securities. "To a bull, when the market goes up, it's justifiable. When it goes down, it's just noise. I disagree with the widely held view the market is overvalued. I think valuation won't get in the way of further, significant appreciation this year." Just what I like to hear as a crash get started.... ho ho ho

To: Knighty Tin who wrote (45500)	2/3/1999 8:55:00 AM
From: Terry Whitman	Read Replies (5) \| Respond to of 132070

Read this interesting piece this morning. worldnetdaily.com This statement especially caught my eye: <The stock market is propped up by the economic news, which is largely misstated. Economist Walter J. Williams, who runs the Shadow Bureau of Government Statistics in Hawthorne, N.J., reports that our annual inflation is not 1.6 percent, but 4.1 percent over last year if you use pre-Clinton methodology.> Is he full of hot air (No explanation is really given). Anyone have some facts to back this statement up? I have been suspecting this to be the case, but I am told by my co-worker that you really can't find out how the gov't calculates the CPI. They don't want this to be known.. TW