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

To: Fred B. who wrote (60015)	5/20/1999 1:57:00 PM
From: Freedom Fighter	Read Replies (2) \| Respond to of 132070

Fred, What you are missing is that the bears see unsustainable conditions working to produce the favorable results that the bulls keep cheerleading. Anyone can say "up" and "growth" and be right the vast majority of the time. It is an understanding of the true values and economic conditions that will keep the bears alive when the bust comes. In the mean time there are many bears in this thread that are making a lot of money despite their view. Count me among them. We will see how the bulls make out when the bust comes. Many if not most bears admit to being unable to predict the exact time at which the excesses will reach the breaking point or what the pin might be and when it will show up. There are too many human actions and players involved that make it unpredictable. The difference between the bulls and the bears is that the bulls explain away the excesses with data and interpretations that are generally refutable or nonsense. They also completely ignore all the irrefutable data that suggests this is an unsustainable bubble. That's why most of public is going to get financially buried. They are listening to the bullish nonsense. Wayne

To: Fred B. who wrote (60015)	5/20/1999 2:09:00 PM
From: Michael Bakunin	Read Replies (2) \| Respond to of 132070

If you strip the sound and fury from your post, it boils down to three unsupported statements: 1, long bond matters; 2, yields are moving on technicals; 3, long bond will be at 5% by the end of the year. It would have been interesting if you'd backed up those assertions. -mb

To: Fred B. who wrote (60015)	5/20/1999 2:32:00 PM
From: Cynic 2005	Read Replies (1) \| Respond to of 132070

Fred, congratulations, you pass my 'thick skin' test. -g- I have lots of comments to add to the phrases in the quotation marks. I will get back to the rest of your note later. For now, be it known that I never called Joey "brainless." I think it is not fair to call him that. The correct phrase will be "brain-dead!" -vbg-

To: Fred B. who wrote (60015)	5/20/1999 5:32:00 PM
From: Knighty Tin	Read Replies (1) \| Respond to of 132070

Fred, Using your logic, such as it is, Abby Jo and Braindead Joe and all of us should be asking trading advice from Hillary Clinton, as she has snuffed all of our returns. <g>

To: Fred B. who wrote (60015)	5/20/1999 7:02:00 PM
From: Cynic 2005	Read Replies (3) \| Respond to of 132070

Fred, I am getting back to your note, as promised. -g- <<where everyone who has been right about the course of the economy in the past few years is called "brainless" and "ignorant" while everyone who has been wrong on his/her predictions is called a "genius". >> You are obviously lurking on a few bear threads on SI - on all three of them. Haven't you seen the segments on CNBS where Rubin was praised to be next to God? Haven't you seen Slick Willie calling him to be the greatest Sec after Alexander Hamilton? Haven't you read articles in the popular press, liberal - I might add, sucking-up to GreeSpam, Abby Joseph Cohen? Despite his uttering nonsense with no hard facts to prove his points, Joey BagFullaDoughnuts is being praised by the likes of you as "being right!" The likes of these and you are the MAJORITY. Not a handful of bears trying to see things for what they really are. As with their take on the economy and the markets being right, here is some thing to chew on: - If you go to a dealer to buy a car, the salesman says "this is the best time to buy the car." - Your real-estate salesman always tells you that this is the best time to buy the house, as the rates are not going to be lower anymore. - If you go to Joey Butt, he will ALWAYS tell you that this is the best time to buy stocks. Same with Abby Jo. No objectivity. That is their living. Their firm's living. Abby Jo gave a fabulous rating on Intel in May 1997 at a dinner in NY. She said it will grow forever. She gave a lot of economic baloney along with some company specific fantasies to push her idea. The next morning Intel warned of lower profits. Two years later, Intel still has to beat it's own profit record of 1Q 1997. So, she recommended Intel at the top of its profitability. The stock did a lot better after that - agreed. But the profits were lagging. You may give credit for Abby Jo for that. You may see her being right (for recommending Intel.) I see her reasoning for going long on Intel (economic and company specific) never panned out. Yet the stock went up for which I give credit to the BUBBLE. It is a Bubble that was created by rest of the world shooting themselves in the foot. It is a bubble that was created by irresponsible acts of the Fed to bail-out reckless players of the Wall Street and the Banks. It is a bubble created by reckless expansion of credit and money supply - beyond the needs of the economy. It is a bubble that is fostered by a really shrewd, cunning and totally self-preserving (at any economic cost) Presidency. Finally, it is a bubble nurtured and enjoyed by the general public. When beggars can be choosers, they will choose a $100 bill instead of a quarter or a buck. But they are given $1000 bucks by the system. Heck, Greeny will be popular. So is Rubin - why not? Here is something to chew on: “There are not enough goods and services to cater to all the imaginary wealth.” A fantastic quote by Joseph G.