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

To: Alias Shrugged who wrote (46693)	2/12/1999 1:16:00 AM
From: Ilaine	Read Replies (1) \| Respond to of 132070

Mike, great post. Really. I don't recall Xerxes commanding the tide to stop, I do recall the story about Canut, aka Cnut, Danish/English king right before Edward the Confessor, shortly before the Norman Conquest. Edit: looked up Canute in the 11th Edition of Encylopedia Brittanica, which has it that "The story that he rebuked the flattery of his courtiers by showing that the advancing waves paid no heed to his command is told by Henry of Huntingdon, about 1130." Which was about 100 years after his death in 1035. Looks like even Canute knew that the tide doesn't obey commands. Do you suppose our present government knows that?

To: Alias Shrugged who wrote (46693)	2/12/1999 10:35:00 AM
From: Stefan	Read Replies (1) \| Respond to of 132070

Gee Mike Schiavo, what a post it. I am in full agreement and it made me feel like going out there and short some more, but I remind myself that there is Prozac. You newer know when they are taking it. Does anyone knows how long does it take for Prozac to have benign effect? Is seven years enough?

To: Alias Shrugged who wrote (46693)	2/12/1999 10:39:00 AM
From: Knighty Tin	Respond to of 132070

Mike, Excellent and entertaining note. I loved the reference to Xerxes. Not only did he command the tides, he ordered a river flogged for not obeying his commands. No wonder the dude fell for Esther's slick tricks. <G> Margin of safety. There was once a time when stocks had to have a dividend rate above bond yields to overcome their risk. Then, they had to have an earnings yield above bond levels, which is a bit bizarre given risk levels. Now, they have earnings yields below bond yields and growth rates that will not get their eps yields to bond rates until 2005. That's a deal. There is your margin of safety. It's called driving with your eyes closed. <G>