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To: NickSE who wrote (41127)	5/14/1999 4:55:00 PM
From: John Pitera	Read Replies (3) \| Respond to of 86076

Great post with Y2K warning Countries in Asia, Latin America and Eastern Europe have had their hands full with currency and economic crises over the last eighteen months. Addressing the Y2K issue has not been an afterthought, but an equal competitor for finite resources within the context of numerous urgent issues. We would suspect that if a Y2K related JIT problem were to occur, it may originate with a foreign supplier. We have not heard any US companies dependent on foreign sourced materials supply directly quantify plans to build inventory as a contingency, but it sure seems to be a common sense move to us. Most individuals we hear speak of the Y2K issue plan to have water, batteries and a bit of food on hand "just in case". It's simple human reaction to the unknown. The increased demand for cash near year-end also seems a no-brainer. It just so happens that human beings also make corporate decisions. Why will they not act with the same cautious/defensive posture? Better to be safe than sorry. We look for a temporary stimulative effect on US economic growth over the next 3-6 months as manufacturers secure component supply inventory. Let's take a look at a few pictures: contraryinvestor.com

To: NickSE who wrote (41127)	5/15/1999 3:35:00 PM
From: NickSE	Read Replies (1) \| Respond to of 86076

Nearly Every Stock Is A 'Buy' On Wall St. dailynews.yahoo.com [...] Buy ratings made up two-thirds of a total 26,692 U.S. analyst recommendations at the end of March, according to data from the research firm First Call Corp. The 208 sell recommendations accounted for less than 1 percent of the total. The rest were ''holds,'' which investors have learned to view as ''sells.'' The reason, industry insiders say, is that analysts think highly of the companies they cover and are spoiled by a decade-long bull market in stocks. They are also afraid to alienate management, and sometimes are pressured to issue favorable reports by their own firms' rain makers -- investment bankers that pocket fat fees for helping companies sell stock and bonds. The lopsidedness of Wall Street research has worried Arthur Levitt, chairman of the U.S. Securities and Exchange Commission (SEC), and even stuns longtime Wall Street experts. ''I was shocked when I saw the numbers the first time,'' said Chuck Hill, a former technology analyst and now First Call's director of research. ''I knew it was going to be far more biased than it ought to be, but I did not think it was that bad.'' [...]