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

To: Knighty Tin who wrote (51691)	3/13/1999 10:00:00 AM
From: Eggolas Moria	Read Replies (1) \| Respond to of 132070

Uh, you've mellowed out?

To: Knighty Tin who wrote (51691)	3/13/1999 1:43:00 PM
From: Knighty Tin	Read Replies (3) \| Respond to of 132070

To All, Barron's review. Not much meat here this week. 1. Abelson slam dunks Cramer. My favorite comment was that his hedge fund made 2% after fees, though he can't understand what the fees were for. <g> Then he goes on to trash The Street.Communist offering. Real nasty, though probably not worth the price of the issue. 2. Favorite cub reporter, Jon-Jon Laing pens a piece about Dow 10,000, but he isn't as nasty or one-sided as usual. I know, I wrote critical letters when he was both nasty and stupid. But, I prefer those two adjectives to boring. Maybe he can find a happy medium in future writings. 3. Old contact, Andy Bary, who used to call me every month for comments to The Wall Street Transcript, has a piece about how Nifty Fifties are really worth their high pe ratios. Although I understand the logic and choose to disagree with it, I can't understand at all how he came to his conclusions after looking at the data. If the 1972 Nifty Fifty slightly underperformed the 500, in general, how does that make them "worth" their higher price? He shows a table of what PE ratios should have been and makes that conclusion, but I am not buying. 4. BancOne is changing its stripes. Again. Yawn!!! 5. Online brokers are rated. I think the Barron's ratings are out to lunch, but different factors are more important to different people, I suppose. 6. Epstein continues with his effort to get the Nobel Prize for everwrong economist Jason Benderly. 7. An interview with Ed Kershner, strategist with Paineless Webber. Ed's a nice fella and used to tour with a guy named Padilla, and I always called them Padilla and Gorilla. I have never agreed with any of his forecasts, but at least he is trying. <g> 8. The Market Watch has 6 samplings, 5 of which are bullish. 9. The Research Reports section has a strong buy on Dell from Wall Street super power, Securities Corp of Iowa. <g> The entire piece talks about how the direct model will benefit from mpc wars. No mention of the negative growth in pc sales or the dearth of demand on the corporate side. Another report from Warburg Bob Dillon Reed loves Chaste Manhattan, talking about low valuation and huge growth rates. No mention of derivatives exposure. Folks, you know I always hate talking about ancient history. But if analysts like these guys ever showed up at Waddell & Reed when I was working there, my bosses would have first humiliated them in public and then thrown them out the window. <g> MB