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

To: Knighty Tin who wrote (45565)	2/3/1999 12:13:00 PM
From: Bonnie Bear	Read Replies (3) \| Respond to of 132070

MB: curiously, the fed model is OK if you live in a rural area, it's nonsense if you live in an urban area. I can still find quite nice houses for sale for $50,000 or less in small towns throughout the pacific states and canada..same house sells for ten times the price in prime urban areas. The numbers say that it takes $100,000 a year in silly valley to be equivalent to the guy that makes $45,000 where I went to high school. So in a sense the feds are setting the numbers for the lowest common denominator. I have friends who took huge cuts to pay to move to less costly areas, they found their real personal income was much higher even though their salary was much lower.

To: Knighty Tin who wrote (45565)	2/3/1999 12:25:00 PM
From: Bonnie Bear	Read Replies (1) \| Respond to of 132070

re inflation: I just graphed house prices here against MDY...dead wringer. I kinda like this new law, I can buy and flip a house every two years and stick the tax-free profits in the stock market. How thoughtful of them. -g-

To: Knighty Tin who wrote (45565)	2/3/1999 9:00:00 PM
From: Knighty Tin	Read Replies (2) \| Respond to of 132070

To All, IBM is acting kinda puny lately. I don't understand it. The co. grew net income at a .1% rate last year and eps at over 3%. Why shouldn't that be worth an all-time high and 28 times eps? True, this year will stink relative to those torrid rates of growth, but, hey, you have an earnings yield that is only 29% lower than T-Bond yield, and a corporate leader whose ethics are held in the same regard as those of the President, himself. The bulls must be asleep at the switch on this undiscovered jewel. A real cubic zirconium special. <G> MB