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

To: Bill F. who wrote (54354)	4/2/1999 12:30:00 PM
From: Soumen Barua	Read Replies (1) \| Respond to of 132070

Sometime ago someone told me that he consistently makes money by buying stocks and selling calls. He also made sure to make the point that making base hits was more important than hitting a home run. We never agreed. Happy Easter everyone.

To: Bill F. who wrote (54354)	4/2/1999 1:42:00 PM
From: eddie r gammon	Respond to of 132070

<<because we only cretaed 46,000 jobs and earnings were up less than expected.it was PERFECTLY concocted stong for stocks weak for bonds no inflation,just dandy.the boys at the bls outdid themselves with this one.hats off.>> Is that like saying that ole Alexis (should have been indicted) Herrman is cooking the books (g) erg

To: Bill F. who wrote (54354)	4/2/1999 7:05:00 PM
From: accountclosed	Read Replies (2) \| Respond to of 132070

On Grant's site there is some new free online newsletter which I just signed up for...are you familiar with that? grantspub.com (perfect post to get Jim Grant to post to, say hi, and tell us what this newsletter is about :-))

To: Bill F. who wrote (54354)	4/3/1999 9:27:00 AM
From: Giordano Bruno	Read Replies (3) \| Respond to of 132070

Interesting tidbit from Barrons David Hale interview... "...We have 50 or 60 technology stocks exploding on the upside, and the rest are up modestly or down. The barometer I'm using is Microsoft. One of the great signs of a peak in Tokyo in 1989 was when the Emperor's Palace was worth more than the whole state of California. Microsoft's market cap a few days ago was $460 billion. At that rate, its market cap will exceed the GDP of Canada by July. Microsoft can join the G7! It will exceed the GDP of California in the fall, and the GDP of the U.K. and Italy by January. That development clearly resembles speculative excess. Tokyo's vice minister of finance, Eisuke Sakakibara, referred to the U.S. economy in Davos last month as "bubble.com."

To: Bill F. who wrote (54354)	4/3/1999 1:55:00 PM
From: MythMan	Read Replies (1) \| Respond to of 132070

Bill, do you know if these employment numbers include temporary workers and their salaries? Many professionals (IT a big area) are opting for the temp route and those wage levels have been soaring. In addition, it is not uncommon for new hires to receive sign on bonuses when changing companies. I bet those are excluded from the wage base. There is inflation in compensation and it is not being captured and/or reported. It isn't always pricing weakness causing the current profit drought -g- MM ps I ignored discussing options since we all know that is mythical compensation....nevermind it shows up in W-2's ho ho ho