WSW: Louis Rukeyser's Wall Street Summary & Discussion $treet
- JenL_3
- RichardB_6
- JenL_3
- PalmTree
- Whirlwind
- Kirk
- davekro
- KwL
- Kirk
- ThomasG_6
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» RichardB_6 - Why have just a piece of the pie when you can have it all. NBR h
Why have just a piece of the pie when you can have it all. NBR has many features at its site including the transcripts. For thoses of you interested here is their link: http://www.nightlybusiness.org/-- posted by RichardB_6
» Whirlwind - Wednesday, May 13 1998 7:40PM ET Pinky's Tailing Box: a weekl
Wednesday, May 13 1998 7:40PM ETPinky's Tailing Box: a weekly presentation of At a Bottom Now for
Gold...
Hello everyone; this is Louis Brewmeister, and welcome once again to
Wall St. Bleak. Well, despite another week of dismal news on the
economic front, the Dow Jones has managed once again another record
closing, up a sizzling 50 points in a May 13th midweek stock market
rally. Never mind "stabilizing" oil prices sending the PPI above the
threshhold of inflation free comfort. Never mind another record
balance-of-trade deficit with Europe, Southeast Asia, Africa, South
America, and Japan. Never mind our own Federal Government's threats to
hogtie the success of Bill Gates and Microsoft by undermining its
Windows '98 software with cumbersome legislation--an act which could
well undermine the stock performance of the entire technology industry.
Nevermind Asia, where stocks were woked hard overnight.
No, nothing was going to stop the Dow's momentum as the psychological
9,200 mark was shattered, leaving the much touted stock market average a
mere handful of points away from an inflation adjusted all-time high.
Has the market taken leave of reality? Are the bulls still running the
market? Or is its casual advance into adversity a mere statistical
aberration, soon to be reversed?
The answers to such questions of profound money changing significance
lie in a place that is itself fertilizer for thought--down on the farm.
Indeed, while much of the recent breaking economic news has left
investors with goose bumps, and the performance of many blue chip
airline stocks nothing to crow about, food and beverage related stocks
have carried the market whole hog to new highs.
Old MacDonald had a farm, e-i-ghty e-i-ghty proof. Who would have
thought that soaring beer, wine and liquor consumption would suddenly
open new, lucrative markets for hard pressed farmers as demand for milk
by-products and barley in beer manufacturing, corn and rye in whisky
distillation, and fruit in wine and brandy production would elevate the
farm sector to the position of being the tractor pulling the US economic
wagon?
Who would have thought that corn demand, lately in the gutter, would
skyrocket with the news that corn, in its dried state stalk and all, is
several times more efficient than firewood for home heating?
Who would have thought that the BGH (Bovine Growth Hormone), much
maligned until very recently because of its potential to flood an
already saturated milk market with more of the "Udder" uncola, would
become gold as Eastern Europe's milk exports would never recover
following the Chernobyl nuclear disaster, leaving US milk prices to
stiffen?
This all might get the goat of those who stayed on the sidelines during
the market's most recent advance, but there is consolation to be had--a
falling stock market could be only a farm-foreclosure away.
Normally, the rest of our program would be used to review the markets,
talk with our panel, answer your questions, and interview a special
guest--who this week would have been a man who authored "The Titanic of
98," who successfully predicted rising gold prices in April, and who
prudently pulled his clients out of Ukranian dairy futures three weeks
before Chernobyl, but this week we are giving over this time to our
local network affiliates for fundraising purposes.
Next week we will be back to our usual format. So don't be too sheepish
or spread your organic fertilizer so thin that you can't send a little
bull to shake up the roost of Wall Street Bleak, Owing Bills,
Contraryland, 2 for 1 Stock Split Heaven. That's Wall Street Bleak,
Owing Bills, Contraryland, 2 for 1 Stock Split Heaven.
-- posted by Whirlwind
» Kirk - Of interest to some might be that Abby Joseph Cohen is a guest o
Of interest to some might be that Abby Joseph Cohen is a guest on tonight's Nightly BusinessReport. Hopefully brother Brinker will return for his weekend broadcasts. I'm always interested in
how close these 2 market bulls align/diverge in their market forecasts.
To: +Truman Bradley (6040 )
From: +Wally Mastroly
Kirk Lindstrom
Editor: Personal Finance and Investing
Reading List
-- posted by Kirk
» KwL - NBR is PBS or CH9 in SF CA Kirk Lindstrom <br> editor <a hre
NBR is PBS or CH9 in SF CAKirk Lindstrom
editor Personal Finance and Investing My Recommended Reading List
-- posted by KwL
» Kirk - How do people like the new show time in the SF Bay Area? Wall $
How do people like the new show time in the SF Bay Area? Wall $treet Week with Louis Rukeyser in now on at 6PM which is early and means I have to set up my VCR the night before if I want to watch the show and windsurf on the same day... 8(I wonder if any of the other PBS stations on TCI Cable carry the show?
Click Here to go to Lou's new website.
Kirk Lindstrom
Editor: Personal Finance and Investing
Reading List
-- posted by Kirk
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