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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: RockyBalboa who wrote (17360)	2/9/1999 9:09:00 PM
From: Oeconomicus	Read Replies (1) \| Respond to of 18691

C, Slick and company are trying to do just that, but did you hear the head of the GAO testifying before congress today? He said the administration plan is a disaster because is doesn't fix anything - it just hides the problem under cash tossed in from the general funds. It does nothing about the fact that in just 14 years SS fund disbursements will exceed receipts, but it does allow the politicians to avoid making the hard decisions about raising contributions or the eligibility age or any other real fix. BTW, for a very good case against putting SS money in the stock market, there was an editorial column in Barron's last month - Jan 18, titled "Inequitable Solution", page 52. It was written before the State of the Union too. Regards, Bob

To: RockyBalboa who wrote (17360)	2/10/1999 8:21:00 AM
From: Joey Two-Cents	Read Replies (1) \| Respond to of 18691

The Slicksters SS scheme has been shot down by the Republicans. The idea of a few select firms managing trillions of SS dollars with the US Govt being a major shareholder in so many corporations is a Socialist dream. I guess we'd buy the S&P 500 less those stocks that didn't meet PC requriemnets (alcohol & Tobacco). The Slickster knows it won't fly but give the sheeple their bread and circuses. I'm just waiting for the sh*t to hit the fan with Japan. When rates triple in 5 months this can't be to healthy for the balance sheets of all those Japanesse Pension and Banks holding bonds. Since Japan will be issuing 90% of the bonds in 1999, rates may increase more over there and the Yen decrease. When the Yen decreases to 150 -200, China will devalue. My wife has a couple of generation friends who bought AMZN at pre split 120, had their money increase 500% in a month and are still holding although it's drop 50%. They really believe in the company and are in for the long haul. That's the greed that comes with an 18 year bull market.