Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Knighty Tin who wrote (56204)	4/15/1999 8:47:00 PM
From: Tommaso	Respond to of 132070

"AR, The oddest thing I have found is the way the Dow is leading, which makes some sense with cyclicals strong. But the Dow is always criticized as out of date, and here it is zippety-doo-dahing past the Nasdaq like it's standing still, which Nasdaq fans wish it had been doing." Could be it's a new swarm of johnny-come-lately "investors" who don't know anything but the words "Dow-Jones" and want to put their money in something "safe."

To: Knighty Tin who wrote (56204)	4/15/1999 9:25:00 PM
From: valueminded	Read Replies (2) \| Respond to of 132070

Mike/Others: This rally in the cyclicals has really got me puzzled. if they become the market leaders and go up a whole lot more, I may just have to put them. My reasoning is simple, unlike the internuts and techs, most people have real expectations from these companies, I mean they expect earnings. If we are late in the cycle, then those earning will not be forthcoming (at least at the levels expected) and therefore, they could be subject to a major price adjustment. Additionally, since they are "traditionally not as volatile" I would expect the put prices to be more reasonable. What you think ? thanks

To: Knighty Tin who wrote (56204)	4/15/1999 9:46:00 PM
From: Eggolas Moria	Read Replies (2) \| Respond to of 132070

Hmmm . . . I'll have to bring out an old (1977) letter from Barton just to recall what a real basic industry/cyclical rally looks like. "[W]e've come full circle and full cycle. They buried the kids and their science stocks, and the bear market almost killed us middle-agers. But now we are in a new cycle, and the market marches to the beat of a different drummer. The old generation's stocks have been the market leaders, and basic industry, value, dividends, smokestacks are in and high science is out. Industrial dullsville is the order of the day. Of course, this too will change." Morgan Stanley & Co. Letterhead, New York, January 25, 1977. Without permission of Morgan, Stanley, Barton or whomever. It's tough having a memory. Can't make money that way. As the Great Winfield once said, "The strength of [the] kids is that they are too young to remember anything bad, and they are making so much money they feel invincible." Adam Smith, The Money Game. I'm glad tax day is over.

To: Knighty Tin who wrote (56204)	4/16/1999 9:01:00 AM
From: valueminded	Read Replies (1) \| Respond to of 132070

Mike / All Just to let you all know that this thread is a portal to the future, here is my take on the gist of AG's comments ahead of time... <g> 1.The futures so bright we got to wear shades 2.The stock market will go up 3.We print money to subsidize the market. 4.As long as we can fool the debt holders into letting us print money w/o requiring us to pay them increased interest we will do so. 5.Productivity is up up up because so many people are now playing - oops I mean working on the internet 6.Manufacturing investment is down which is a good thing, stock investment is up up up..... 7.Irrational exhuberance only existed 4000 points ago - when earnings were increasing, and only minor skirmishes. Now we are much more rational in our irrational exhuberance. 8.I see hope in increasing our personal and corporate debt as it is funding the "recovery in the foreign markets" 9.I sure wonder what the next administration is going to do.... All this imho as you are probably aware..<g>