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(3276 previous messages)
rshowalt
- 09:55am Jul 25, 2002 EST (#3277
of 3339)
The Market Rally? So It Goes When the Mayor Says to
Buy By JENNIFER STEINHAUER http://www.nytimes.com/2002/07/25/nyregion/25BLOO.html
"Mayor Michael R. Bloomberg often says that
New Yorkers need a businessman for mayor, and yesterday he
dispensed a quick bit of business advice to his
constituents: buy low.
"In a short appearance on John Gambling's
morning radio show on WABC, Mr. Bloomberg suggested that
"thoughtless despair" was contributing to the recent and
sharp declines in the stock market, and suggested that
listeners should buy equities.
"Sure enough, the markets bounced back
yesterday, with the Dow rising 570 points after he spoke.
Some credited stock buybacks by companies. Others said the
market had finally hit bottom. But the timing of Mr.
Bloomberg's comments could not have been more serendipitous,
and it contrasted sharply with Monday, when President Bush
suggested that stocks were a good buy. That day, the Dow
fell 234 points, and it dropped an additional 82 points on
Tuesday."
Looking at the DJA graph in the paper edition of the story,
the market was trending down just before my MD3269 rshowalt
7/24/02 12:26pm ..., which included this:
" Markets hate uncertainty. That means that
there are good reasons to "nail down" what can be checked.
And good reasons to avoid muddle and deception when
possible. I've had some problems with uncertainty myself.
"Anyway, the markets won't listen to me, but
I hope prices stabilize, and head up. Based on honest
evaluations and valuations.
Now, it makes sense to attribute a market move to Mayor
Bloomberg -- and I don't make any such assumption about
anything I say -- because I'm sure so many, many more people
listen to Mayor Bloomberg than would ever pay attention to me.
I do hope that the markets continue to go up - and that the
steps being taken to make for more honest accounting work well
- so we can all be more prosperous. Since those steps look
real and promising, there seems good reason for some upward
motion.
MD2900-2901 rshow55
7/6/02 12:08pm
And they should listen very carefully to Krugman - - attend
and check the things Krugman sets out as facts in
Succeeding in Business http://www.nytimes.com/2002/07/07/opinion/07KRUG.html
2905 lchic
7/8/02 5:36am ... 2906-7 rshow55
7/8/02 6:56am
mazza9
- 10:19am Jul 25, 2002 EST (#3278
of 3339) "Quae cum ita sunt" Caesar's Gallic
Commentaries
RShowalter says:"I think it was Mazza -- anyway, it had
words like "Lchic says link . . . but you stink! " The New
York Times can check that what I say here, if it wishes.
Only worth remembering now because it was deleted."
Think! Don't know! How convenient that this alleged
statement is deleted. Since I don't remember any such
statement and you have no proof of it ever being posted since
you say it was deleted how do we "connect the dots"? On your
say so?
I take umbrage!
Main Entry: um·brage Pronunciation: '&m-brij Function:
noun Etymology: Middle English, from Middle French, from Latin
umbraticum, neuter of umbraticus of shade, from umbratus, past
participle of umbrare to shade, from umbra shade, shadow; akin
to Lithuanian unksme shadow Date: 15th century 1 : SHADE,
SHADOW 2 : shady branches : FOLIAGE 3 a : an indistinct
indication : vague suggestion : HINT b : a reason for doubt :
SUSPICION 4 : a feeling of pique or resentment at some often
fancied slight or insult <took umbrage at the speaker's
remarks> synonym see OFFENSE
LouMazza
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