G'day Penners,
Dennis is off on a week's vacation, so I am exploiting the opportunity to
elaborate upon my reservations and speculate in shameless ignorance of
whatever economic fundamentals are supposed to be. He writes:
>Anyone want to bet when the business cycle is
>going to turn? My crystal
It was my understanding (admittedly, shaky at best) that these earnings
reports are real earnings which do not measure up to expected earnings. So,
is the slow down in earnings really a slow down or just a let down of
expectations??
inquiring minds want to know. maggie coleman [EMAIL PROTECTED]
In 1928-29 one of the most rapidly rising stocks was of
a high-tech company of the day, RCA. It also had no
earnings throughout that period and thus that magically
infinite P/E ratio.
Barkley Rosser
On Wed, 18 Mar 1998 11:26:31 -0500 Doug Henwood
<[EMAIL PROTECTED]> wrote:
> Dennis R Red
Well, there are now some people (Abby Cohen, prophet
of a continually surging US stock market) and, a bit more
trepidaciously, Robert Samuelson, who are declaring that on
balance the Asian crisis is good for the US economy.
1) lower interest rates due frightened foreign
investors se
One of my favorite stocks of the time was McKesson Robbins, which was
run by a con man, Charles Musica, who had a special office in Canada to
create false involces so that auditors would add to the value of his
company.
As I recall, the company fell apart when Life Magazine recommended him as
a p
Dennis R Redmond wrote:
>My theory is, the bigger the speculative
>bubble (and Dow 8700 at a time when every corporation on the block, from
>Nike to Compaq, is reporting sluggish earnings and falling profit
>margins, surely qualifies as the most stupendous mania since the South Sea
>Bubble) the m
Quoth Dennis, following a nearly unsolicited confession:
> Speaking of the devil, Warren Buffet recently turned bullish, a sure sign
> of imminent market doom. Anyone want to bet when the business cycle is
> going to turn? My crystal ball sez, it's already started, only in Asia
> instead of Cali
On Tue, 17 Mar 1998, Mark Jones wrote:
> Dennis, what actually ARE your politics?
Oh, I'm a Marxist who swears allegiance to the Transitional Program of
Grouchoism, whose main principle is that the first act of the revolution
will be a mass pie-in at all the boardrooms and corporate offices at W
