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Strategies & Market Trends : Graham and Doddsville -- Value Investing In The New Era -- Ignore unavailable to you. Want to Upgrade?

To: porcupine --''''> who wrote (1289)	2/18/1999 9:54:00 AM
From: porcupine --''''>	Respond to of 1722

U.S. Jobless Claims Up In Latest Week Thursday February 18 8:55 AM ET WASHINGTON (Reuters) - The number of Americans filing first-time claims for unemployment benefits rose slightly last week, but remained at levels suggesting a strong labor market, the government said Thursday. The Labor Department said initial jobless claims rose by 4,000 to 288,000 for the week ended Feb. 13 from 284,000 in the prior week. The latest week's claims were well below the 299,000 predicted by U.S. economists in a Reuters survey. The four-week average of initial claims, viewed as a more accurate barometer of the job market, fell to 292,000, the lowest since 1989 and down from an average of 298,750 the previous week. The department said that in the week ended Feb. 6, the latest week for which data were available, just one state, California, reported an increase in new claims of more than 1,000. It attributed the rise to layoffs in the food and service industries and agriculture. In the same week, seven states had decreases in claims of more than 1,000. Among the largest were Georgia, Pennsylvania and Tennessee. Georgia saw fewer layoffs in the textile and carpet industries. Pennsylvania had fewer layoffs in food, textiles, furniture, rubber and plastics, footwear, leather goods, fabricated metals and transportation equipment. Tennessee had fewer layoffs in food, apparel, furniture, rubber and plastics, transportation equipment, trade and services, among other industries. Claims for the Feb. 6 week were revised upwards. They had originally been reported at 281,000 for the week.

To: porcupine --''''> who wrote (1289)	2/18/1999 9:46:00 PM
From: Freedom Fighter	Read Replies (1) \| Respond to of 1722

Porc, >>I have a lot more to say about this subject, Birinyi, Hussman, etc., but am still mulling things over.<< What's to think about? Hussman is looking at earnings, asset values, cyclically adjusted earnings, free cash flow, interest rates, historical relationships between asset classes and making investments based on the weighted risks, values, and probable range of returns over the long term. Birinyi is looking at who is buying what and how much of it. One is value investing. The other is technical investing and quite possibly a well thought out version of the greater fool theory. Both may produce profits, but only one is a logical business approach. It's really not worthy of discussion or thought if we are trying to buy undervalued securities to hold for the long term. I certainly don't want to. Wayne Crimi members.aol.com