SUMMARY - "PIG":
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So, I was proved wrong when, after arriving in Florida we read the speech transcript in the paper and, eventually, saw a rerun of the speech on TV (which, as you know by now, we almost never watch because it rots the brain). Typical Bill Clinton, I commented to my wife; when cornered (in this case, by a semen-stained dress) he finally admits to a little bit of the truth. Obviously I was not alone in perceiving that Clinton regretted his previous lies only because he was caught. When the contrition-shy speech didn't fly with the public, the remorse (supposedly) copiously flowed afterwards. Too late, I say. Hillary is supposed to have said to Bill, say what you want; I think he did, and the brief speech, complete with trying to shift the blame to Ken Starr, in my opinion reveals his true character.
Since then, with the release of Ken Starr's report to Congress and subsequently the release of grand jury testimony to the public, a lot has transpired, and none of it makes Bill look any better, in my opinion. In fact, it makes him look downright stupid for not settling the Paula Jones case with an apology when he had the chance. If the Jones case had not gone to trial, there would have been no subpoenas to Lewinsky and Willey to testify; there would have been no Tripp tapes, and no compulsion for Bill to perjure himself in the Jones trial or before Starr's grand jury. People say that Bill Clinton sets a terrible example for our children; I say, the entire sequence of events demonstrates how a small mistake (in this case, not admitting to an embarrassing event) can, when papered over with bigger and bigger lies, mushroom into something that threatens to ruin his life. Looks to me like an excellent object lesson that you should tell the truth, or you will eventually be destroyed by your lies.
Meanwhile, the media are trying to convince the public that crimes committed by the president are somehow less serious than if you or I were to commit them; and columnists are pretending they know what's inside people's minds when they haven't the foggiest idea. Sadly, this media drivel seems to have infected some of my friends, who think that this is "only about sex" and the government has no business prying into people's sex lives. I totally agree, the government has no business in anybody's bedroom (or for that matter, in many other aspects of our lives into which it is constantly prying). However, once one is unfortunately placed in a situation where sex becomes a legal issue, one is obligated to tell the truth, not commit perjury and obstruct justice.
My reaction to Starr's report was, is that all there is? I have been following Bill and Hillary's checkered past on the Internet for several years now, and I am familiar with the Whitewater scam; the Castle Grande sham transaction; Bill's cocaine-and-sex parties at Quapaw Towers; the Arkansas troopers' role as procurers for Bill; Hillary's $100,000 bribe disguised as cattle futures trades; Jim McDougal's $2000-per-month bribes to Bill; Susan McDougal's refusal to say whether or not Bill lied when he testified he wasn't present when a $300,000 loan was made; the physical threats made against Gennifer Flowers, Sally Perdue, Elizabeth Ward Gracen, Dolly Kyle Browning and Kathleen Willey if they should tell the truth about Bill's advances and/or sexual relationships with them; and Bill's forcing himself on Juanita Broaddrick ("Jane Doe #5" in the Jones case) in 1978, according to her and witnesses. (Bill Clinton.... Rhodes scholar, attorney general, professor, governor, president, ...rapist! Reminds me of "date rape" warning posters on display at the college where I work.)
So when all we get from Ken Starr, after $40-million-plus, is a flawed report on Vince Foster's death, flawed because it relied on the original faulty investigation instead of reopening it to collect valid evidence; and an impeachment report that's "only about sex", I must admit, I'm disappointed. For the sake of the Republic, I hope there's more to come, for if even a fraction of the evidence of crimes in Arkansas and coverups in Washington were to become known to the general public, Bill Clinton's presidency would be toast rather quickly.
As it is, it looks like the impeachment proceedings will be a long, drawn-out and contentious process, to the detriment of the country. Hellooooo, Washington! Has anybody there
noticed that the world is beginning to fall apart? Japan is tipping into depression. Russia is
a basket case, a dangerous, nuclear-power basket case. Afghanistan and Iran look like
they're about to go to war. Serbia is turning NATO's assurances of averting "ethnic
cleansing" into a joke. The credit-deflation monster is unchained, roaming free, and headed
for us. Financial markets are in disarray worldwide. Who's minding the store?
The reality is that the relative handful of large-cap stocks now trading in the ionosphere have been pushed to those levels by money managers who are scared to be in less-liquid stocks when the market finally collapses. They want to be able to dump stocks in a hurry when the trumpets sound, but I am hard-pressed to imagine who the buyers will be. - Rick Ackerman
Stocks are trading at undervalued levels.... We believe that market action in recent weeks represents an overreaction to incremental information. - Abby Joseph Cohen [August 5, 1998. This quote is a candidate for the Irving Fisher PHP Award for 1998.]
This expansion will run forever. - Rudi Dornbush [MIT economics professor, July 30, 1998. Another candidate for the Irving Fisher PHP Award for 1998.]
Our lack of saving and instead, historic borrowing for consumption purposes, will make our depression worse than Japan's. - Bob Prechter
An acquaintance at work kept telling me about this organization that he was in that dealt with millions of dollars in investments. He implied that it was a local organization and he sold mutual funds to people through them. As a trader, I was skeptical, but finally gave in and decided to go to an "informational meeting" they were having. Boy, am I a sucker. The organization is called WMA, is based in Georgia, and looks to me to be the Amway of mutual funds. They sat me down and told me of how they were all going to get rich by selling mutual funds to everyone in America (and elsewhere). Of course, this is a multi level marketing arrangement, so to really make it, a person has to get people under him selling also. And on and on and on ......... What they never mentioned was any thought at all of the market going down. The reason they didn't mention this is that they have no clue at all about anything remotely related to the market and how it works.... Their goal is to sell mutual funds to everyone, no matter how small the amount, because "the market always goes up long term". Boy, am I sick of that phrase. - Bill Schulz
The Fed, which is supposed to protect the sanctity of the dollar, is now stepping in to bail out hedge funds. Who will be next, the Beardstown Ladies? - Jim Rogers
Long-Term Capital Management is only one more in a line of bail-outs which also includes the recent government prop-ups by the International Monetary Fund. Greed and arrogance are strong motivators, so this line will not get shorter soon. The line will grow until it curls back around on itself and touches its symbiotic nemesis: the entity too-big-to-be-able-to-save. - Lila Hoffman-Thome
Coming up within the next year are TENS OF TRILLIONS OF DOLLARS of derivatives that will mature. Guess what's gonna happen? - Paul Milne
The problem is that.... bail-out packages are bailing out incompetent, corrupt, criminal and inhumane governments. Moral hazard is rampant and is getting worse.... Somebody has to pay for them, and that's the working public. At a certain, very close point, the honest and humble public and their representatives (and at least in the US that's still the majority) are not going to tolerate, any longer, that criminals and imprudent, greedy speculators are getting bailed out. As soon as the bail-out money/debt stops, the debt-based monetary system is going to implode, causing a global deflation. - Stefan Albrecht
Modern money is like Social Security, a Ponzi scheme given "legitimacy" by the State. The users of fiat are irrevocably indebted to its issuers, who use the interest paid on the debt, or "money supply," to obtain, at no ultimate cost to themselves, the goods and services of the conquered people. The only flaw in the ointment, assuming that runaway inflation can be avoided -- and our bankers have shown extraordinary skill at avoiding it -- is that the borrowers may eventually stop borrowing. Sooner or later, the accumulated debt will require -- or already does -- so much productivity merely to pay interest, that further expansion is pointless. Additional borrowers must be sought, and the war in which we are presently engaged is to determine whose scrip will be borrowed. It looks like the Fed is among the winners. - Paul Hein
Pumping fiat money in to prop up the system does NOT address the underlying problems. It merely exacerbates them over time. [The Japanese] made excessive amounts of bad loans. Instead of taking the small hit due to nonperforming loans they refinanced, in the hopes that an improving economy would bring profitability in spite of bad business management. Their practice of 'cultural capitalism' could only have succeeded if they wildly outstripped the West. They didn't. And they fell into a trap. And now their only hope for survival over the short term is to pump in good money down an ever-expanding rat hole desperately trying to stave off the inevitable. Something will trigger Japan, the pin to the balloon, so to speak, and when that happens the entire world economy will collapse OVERNIGHT. That's why I moved to the boonies. Knowing full well that it might take two years, five years, but it would not be a full decade to wait. I always thought it would be worse than a thirties style depression due to our conspicuous consumption and the fact that Japan holds the government of the US hostage with over a TRILLION dollars in US Treasuries that they would be forced to liquidate, ruining the US. But I never appreciated how bad until I learned about Y2K. Either is sufficient to devastate the world's economy. But together, it is inevitable that not only will the economy be utterly obliterated, but the concomitant failure of significant portions of the infrastructure, at a juncture when they would be most critically needed to support our civilization, would have its legs cut out from underneath it. Civilization 'as we know it' will end. The world will not be destroyed. It is not Armageddon. But it will not be back up and running, even fitfully, for years. - Paul Milne
The situation [in Russia] is very serious and very difficult. It is useless to ask people that receive a monthly pension of about $30 to wait a little longer; they will die waiting.... Military sources have confirmed that the army has already consumed more than 80 percent of the food reserves set aside in case of a war. The defense ministry advised its servicemen to fish, hunt and gather mushrooms in order to survive until the government could gather up enough money to pay wage arrears that date back months.... Some units are seriously considering scaling back to two meals a day, and after 26 years in the army a hungry soldier is an angry soldier. - Alexander Lebed
I have friends in Moscow and St. Petersburg, and I can assure you it is not a pretty scene on the streets right now. The potato harvest has failed and people are scrambling to hoard essential commodities to help see them through what will surely be a long cold winter. At the moment there is no effective government. Social unrest and martial law are very likely, another possibility is a military coup. Security of nuclear power plants, run by underpaid workers who have not seen a paycheck in a few months and are without funding for needed materials for maintenance, are at risk. - Daniel Block
Russia is melting down. Shortly, there are going to be a couple hundred million people, in a country with several thousand nuclear missiles, who will believe that capitalism is to blame for their predicament. - R. H. Wheatley
What we have just seen in Russia is a coup d'état. It is disguised. Boris Yeltsin will be allowed to complete his term in alcoholic confinement, apparently, but Weimar Russia has now given way to its successor. - Ambrose Evans-Pritchard
Prime Minister Keizo Obuchi told a parliamentary committee on Friday that Japan should avoid any failure of a large financial institution. (News item) Afterwards, Prime minister Obuchi also stated that you should also avoid sticking an eighteen inch knitting needle in your eye and that one should never let their tongue get caught in the sprockets of the film infeed on a Bell & Howell movie projector. - Paul Milne
Too soon there'll be another High Noon in the desert because Saddam's a mass serial killer who only stays in his cage when struck repeatedly between the eyes with a 16-pound sledgehammer. Already our generals are beefing up our ground forces there and placing bombers on Guam. The Pentagon says these measures are for training, but my sources who fly the planes and drive the tanks say that within the next sixty days they'll be drawing hazardous duty pay again in the Gulf. - Col. David Hackworth
Today Americans would be outraged if U.N. troops entered Los Angeles to restore order;
tomorrow, they will be grateful! This is especially true if they were told there was an
outside threat from beyond, whether real or promulgated, that threatened our very
existence. It is then that all peoples of the world will pledge with world leaders to deliver
them from this evil. The one thing every man fears is the unknown. When presented with
this scenario, individual rights will willingly be relinquished for the guarantee of their
well-being granted to them by their world government. - Henry Kissinger [before the
Bilderbergers, May 21, 1991]
If a president of the United States ever lied to the American people, he should resign. - Bill Clinton (1974)
Had Bill Clinton told the truth in the beginning of Ken Starr's investigation into the Monica Lewinsky matter, it would have saved the country millions of dollars. The nightly news could be rated G again.... The appalling flow of excuses, excuses, and more excuses coming from the liberals who idolize this man border on the ridiculous. - Seth Isenberg
Can there be any doubt who deserves this year's Doublespeak Award? Bill Clinton ought to retire it on the basis of this year's performance alone. (Define alone.) - Paul Greenberg
If any of you out there are so morally depraved that you believe Clinton was trying to be honest when he said that he did not have sexual relations with a 21 year old intern, by trying to say that oral sex is not a part of it, then you are bigger assholes than he is. This is the leader of The United States Of America. A lying piece of filth. He is not trying to answer 'honestly' and completely. He is trying to find a way to tell the American public that a blow job is not within the definition of having sex. Repeated blow jobs. Dozens of them. Not sex. Ask Hillary if a couple dozen blow jobs is sex. If she says no, send her over. I know a whole bunch of drunken rednecks that want to meet her. Do you think if she walked into a room and found her daughter 'not having sex' with a truck driver she would just say "Ooops, sorry honey, I didn't mean to interrupt you 'not having sex'. Let me know when it's time to play twister."? Clinton is the laughingstock of the world. Only the world's biggest ASSHOLE would say in front of the entire world that a blow job does not constitute sex.... Miserable lying son of a bitch. - Paul Milne
We know what sex is. Hair-splitting definitions about what is or isn't sex have merely convinced a growing number of Americans that, whatever our opinion of policy, any 50 year old man who would stand there and tell us that oral sex isn't sex is too stupid to occupy the White House. A President who would use his high office to convince not only the people of America, but the people of the world, that America's people are so depraved that we all lie, we all participate in kinky sex with strangers and we all believe a leader who does those things is an accurate expression of the quality of the American character is surely committing a crime worthy of impeachment. Let's get on with it. - Mary Mostert
Any man who would conduct himself in such an emotional, unstable manner and bring worldwide shame, first to his family, and then to a vulnerable young woman and finally to the United States of America is unfit to be president of this great country.... If he loves his country, he will go.... The part of the brain that controls morality and honesty never got connected.... The president is mentally and emotionally unstable. - Ross Perot
We are not observing a man who had an affair and is remorseful for hurting his spouse. We are observing an individual who is consumed with thoughts and behavior related to sex in much the same way that a drug abuser is consumed with thoughts and behaviors about his compulsion. He seeks out fulfillment of his compulsion in much the same way the drug abuser engages in drug-seeking behavior. This is pathological behavior that requires effective treatment. - Dr. Paul Fick [clinical psychologist and author of The Dysfunctional President]
And [from the Starr Report] we've learned that Bill Clinton began his pursuit of Monica Lewinsky after she showed him that she was wearing thong underwear. We're seen Monica Lewinksy. We saw the photos in Vanity Fair. This is a woman who should never, we repeat never, wear thong underwear. Sensible panties, perhaps, but never a thong. Imagining Monica Lewinsky in a thong is, at best, frightening. It should send normal men screaming into the night and swearing off sex for months, possibly even for life. But Bill Clinton didn't find it frightening. He found it sexy. This is obviously a man who is out of control. Forget the lying. Forget the obstruction of justice. Forget the abuse of power. Anybody that horny needs professional help. Lots of professional help. - Doug Thompson
If we will tolerate a known perjurer in the White House, anything goes -- bring on the counterfeiters, con-artists, and child molesters. - J. Peter Mulhern
If the rule of law is to be maintained, the belief of the people in the judicial system must not be destroyed by letting the President get away with crimes that his Justice Department has put others in jail for. - Marvin Lee
Since perjury, witness tampering and obstruction of justice are now no big deal, can we save some money by releasing from prison all those currently incarcerated for such offenses? - Sam Smith
The more it is proven beyond a shadow of a doubt that Mr. Clinton has the moral fiber of an undercooked stadium hot dog, the more appealing he becomes, politically speaking, to the great masses of plain folk who, in a democracy, rule the roost. Fortunately, on paper if not in practice, we remain a representative republic, and most specimens of the Homo Boobus Americanus species do not participate in the political system beyond giving absurd and contradictory replies to poorly worded and dubious poll questions, when called. - R. B. Calco
The Clinton story has laid bare a cultural divide in the country between those who still hold fairly consistent moral values (although not necessarily the same ones) and those who believe in an adhocracy in which moral issues become just another management decision or public relations problem. The latter approach has been the dominant moral lesson taught the American public over the past few decades by television and other media, by business gurus, and by public figures of all sort from O.J. Simpson to Henry Kissinger.... The lessons continue as talking heads dealing with matters of honesty as though they had never arisen before in human history and thus are subject to jury-rigged solution by the best legal and media minds of Washington.... The truth is the last thing they want; all they desire is to make the trains of conventional thought run on time once again. - Sam Smith
Clinton calls a girl who performs oral sex on a man twice her age under adulterous conditions and then lies about it, 'basically a good girl'. We used to recognize this type of person as a 'slut'. Why? Because it is clearly understood that this kind of behavior is grotesquely immoral. In America, there are no sluts. Just basically good girls that blow older men. This is why America is morally BANKRUPT. It does not even recognize immorality when it sees it. It is all very easy to put this in a foggy context. A man and a girl far away and far removed. Suppose it was your 'daughter'. Would you think she was basically being a 'good girl', cramming cigars and chugging the root? Is this demonstrative of what 'good girls' do? It seems to me that the behavior of 'good girls' implies the ABSENCE of such conduct, not a mere 'minimum' of it. Lewinsky is in NO WAY a 'good girl'. She has behaved as a SLUT. Clinton is an adulterer and perjurer. Why is it so hard for people to call a spade a spade? - Paul Milne
Poor Linda. No one has dubbed her a patriot. At the same time, strangely, nary an unflattering word has been written about Monica's campaign to convince her "friend" that lying is de rigueur in today's America. No one seems upset that Monica virtually hounded her "friend" to prevaricate before a federal grand jury. It was not until Monica began talking about perjury and suborning perjury that Linda turned the recorder on. It was not until Monica handed "friend" Linda the "talking points" directive that Linda went running to Ken Starr. The written "talking points" are an outline of specified lies, which, along with assurances from some unnamed White House source that perjury in civil cases never adds up to jail time, were intended to convince the recalcitrant Ms. Tripp to play along.... Linda Tripp may not evoke sympathy, but she is hardly a "villain colleague" or "spy-provocateur" either. Hell, I would be frightened if someone -- a potentially powerful someone -- were pestering me to lie to a federal grand jury. - Lila Hoffman-Thome
I'm no different than any of you. I believe you have the right to tell the truth under oath, and I believe you have the right to do so without fear of retribution or worse. I hope that when all the facts are revealed, you'll understand that it is a right all of us should be fighting for. - Linda Tripp
We're the Vast Right-Wing Conspiracy: two middle-aged broads [Goldberg and Tripp] who got angry and said enough's enough.... If the only thing we can get him on is sex, fine. You take what you can get. - Lucianne Goldberg
The Republican-controlled Congress passed the Communications Decency Act, which would have banned so-called indecent material from publication on the Internet.... Only a few months later the Supreme Court ruled the CDA illegal and in violation of the First Amendment guarantee of free speech. In September 1998, the "conservative" Republican controlled Congress released the Starr Report on the Internet, proving the Supreme Court was right. - Charles Smith
The rap on Congress' actions to release the Starr documents to the public is that the decision to do so was "partisan" (as in Republican). By that logic, the recent decision by Congress and the Senate not to overturn President Clinton's veto of a ban on partial-birth abortions is partisan, too (as in Democrat). The Republicans could be seen as favoring freedom of information, and the Democrats in favor of the killing of healthy, near-term babies. What is partisan is a double-edged sword - it cuts both ways. I'll take the freedom of information side, thank you. - Seth Isenberg
The elder statesmen of the Democratic Party are still holding their fire, wary of defending a president who gets his kicks receiving oral sex while he is on the telephone to members of Congress. But lesser Democrats are starting to emerge from their bunkers, gingerly experimenting with the line that Mr Clinton's actions were just "low crimes and misdemeanours". Yes, he was a naughty boy, but doesn't everybody lie about sex? Hillary has forgiven him, so why can't the rest of the country? This is just a private matter, and it has gone on too long already. So there, Mr Starr: get a life. This is an extraordinary state of affairs. The Starr Report has produced evidence "beyond a reasonable doubt" that the President has committed multiple felonies and used the power of his office to thwart the law. If Mr Clinton were an ordinary citizen, and if this case were taken to trial, there is a 100 per cent certainty that he would be convicted by a jury of his peers. He would go to prison. De facto, if not de jure, the President of the United States is now a criminal and a felon - a convict manqué. Yet defenders are being drawn into arguments that trivialise his offences, and by omission justify them. - Ambrose Evans-Pritchard
I predicted four years ago Clinton would be undone by personal scandals in his second term. I didn't need a crystal ball. Having observed Clinton's career since he followed me by two years at Georgetown University, I knew he was a ruthlessly ambitious politician, whose utter lack of honesty, character, or honor would one day bring him low.- Eric Margolis
So far, it is unlikely that what we have seen will prompt Clinton's removal from office. But there is more - much, much more - coming. By the time the evidence in Whitewater, Castle Grande, Filegate, the Travel Office firings, the Kathleen Willey affair, and the use of Linda Tripp's personnel file is all fully exposed, this president will be battered, wounded, bleeding and, very possibly, impeached. - Dick Morris
....what I'm told [by my sources] is the Starr reports will include information that goes well beyond misconduct with Miss Lewinsky and will speak to other women in the White House, will speak to other misdeeds on the part of the president's people related to all these scandals, and will show a pattern of obstruction of justice and perjury and misuse of government assets -- kind of a misappropriation of government funds to run what appears to be a strictly political operation out of the White House to the end of trying to defend this president. - Gary Aldrich
I think Clinton is a very dangerous, manipulative man and I've had to be very careful.... There was a lot of pressure on my family and friends, people were being staked out. I was a little bit afraid for my own safety at one point. - Elizabeth Ward Gracen [former Miss America and Clinton conquest]
[T]here is.... the claim by Bobbie Ann Williams that then-Gov. Bill Clinton fathered her son Danny during one of 13 sexual liaisons,several of which included group sex. The Globe, the supermarket tabloid that first ran with the story in 1992, says Williams passed two lie-detector tests. Her sister's account, placing Bobbie Ann in the governor's company on several occasions, likewise passed the polygraph standard of proof.... While governor, Clinton's press secretary never denied Williams' allegations. Yet Clinton refused to comply with demands from local Little Rock clergymen that he take a blood test to establish the paternity of the boy. Meanwhile, Chelsea Clinton's probable half-brother has grown up in poverty because of Clinton's failure to step forward and support the boy. Next to that, Dan Burton looks like Mother Theresa.... But the press smells no scandal in the fact that the president is likely a "deadbeat dad." And so 6-year-old questions about Danny "Clinton" Williams continue to go unanswered. - Carl Limbacher
I have heard him [Clinton] with my own ears, behind the scenes when he thought no one was listening, regress into his very, very prejudiced language. Not only vulgarness but very racially prejudiced.... And the comments he would make about a woman as she would leave the room. And not just young ones. All ages. Very vulgar things about women. I have been in a room when there was even a very obese, elderly lady that Bill would make very vulgar comments about, you know. As I began to hear those kind of things I began to say, 'what have I gotten myself into?' So I basically pulled the plug and stayed out of politics for the next few years because he soured me on it. - Wiley Drake [pastor, Buena Park Baptist Church]
Just recently, Arkansas lawyer Mark Cambiano was charged with 31 Federal indictments of money laundering and conspiracy involving drug money. Part of that drug money was donated to the Clinton campaign. This is the second time that drug money has been positively verified to be flowing into the Clinton Campaign coffers. The first was from convicted cocaine smuggler Jorge Cabrera, whose posed photograph with Hillary Clinton in front of the White House Christmas tree has become something of an Internet legend.... That Bill Clinton's campaign took money from drug runners is a proven fact. It's not a question of whether he took drug money, it's merely a question of how much.... Those of you with children should take a drive through the bad part of town and look at the lives ruined because of drugs. Look at the men and women who sell themselves on street corners for that next high, or [who are] pickpockets or hustle their own drugs, or steal, or even kill. It is from this misery that the money given to Bill Clinton's campaign came from. That he would even touch money from such sources is a scandal in and of itself. Now look at your children and consider this: The chances that they will wind up on that street corner have doubled since Bill Clinton took office. Bill Clinton is taking care of his political donors. - Michael Rivero
With Ms. Hill's uncontroverted testimony providing the capstone to its investigation, Judicial Watch has proven beyond all reasonable doubt that, not only was the Clinton administration engaged in an unlawful scheme to sell seats on Commerce Department trade missions in exchange for campaign contributions, but that a criminal cover-up was ordered by President Clinton's top aides to thwart Judicial Watch's court-ordered investigation and to hide the culpability of the President, Mrs. Clinton, the Clinton Administration and the DNC, for their use of Commerce Department trade missions as a political fundraising vehicle.... The Clinton Commerce Department has offered to.... pay Judicial Watch, using taxpayer money, at least $2 million dollars in attorney's fees and costs. Judicial Watch will not be bribed, especially with taxpayer funds, and has opposed this Clinton Administration ploy to make the investigation into the illegal sale of trade missions seats go away. - Larry Klayman [president, Judicial Watch, in a report to Congress]
Gee, see how much damage you can do to a bunch of tents with a couple hundred million dollars worth of cruise missiles. - Wayne Mann
Ten years ago, I took great pleasure when I told [Hillary Clinton] to take a flying leap to her face in front of a crowd of her people. I was fired from my job, but re-instated the day after she left town. I would love to have the opportunity to do it again.... This is America. A sleazy, fornicating, lying, graft-ridden, adulterous slime-ball and his lying two bit co conspirator scumbag wife. In the white House; elected by the most ignorant moronic group of sub-cretinous imbeciles to ever populate this country. This is not America. It is what America has 'become'. A country where morality and character are meaningless as long as Wall Street is up. So may 'what it has become' crash and burn. - Paul Milne
It was claimed [in 1993] that Mr. Foster and Hillary Clinton were long-time lovers - an allegation that has since been confirmed to me by a member of the Foster family. - Ambrose Evans-Pritchard
The news coverage has been ritualised by the courtier press corps of the White House, which keeps up the pretence that the Clintons have a relationship that any normal citizen would recognise as a marriage. Much attention is given to [Hillary's] body language; whether she stiffens at her husband's touch, whether she avoids his look. The usual tripe. They fail to credit her skills as an actress, and neglect to mention her all-consuming will to power. It was she who screwed Bill Clinton's courage to the sticking-place before the 1992 presidential campaign. Secretly, she had employed a private investigator in Arkansas, Jerry Parks, to conduct surveillance on her own husband for future use in divorce proceedings in case he decided not to make his bid for the White House. Mrs. Clinton is a very tough nut. - Ambrose Evans-Pritchard
Hillary Rodham Clinton knew who and what her husband was long before he decided to run for the Presidency. It was her hunger for power that permitted her to enter into the Faustian bargain requiring her daughter as the price. With her corrupt husband, Hillary Rodham Clinton compelled her daughter at the dinner table to master the pain of what she knew would surely follow if she remained married to this man. And make no mistake about it. She had a clear choice, as did I and every other woman/mother like us. A mother who loves her children more than she loves herself knows that there is nothing: not the co- presidency, the ability to screw up health care, or run in the circles of the rich and famous that is sufficient to warrant her throwing her child or children onto her altar of ambition. If Hillary Rodham Clinton were the mother she would have us believe she is, she would get on her knees and beg Chelsea's forgiveness for having sacrificed her, along with herself, for a man like this. She not only sold out her child and herself, she sold out a state and then a nation by "performing" at his side and helping him to sell his bold face lies. Am I sitting in judgment? You bet I am.... It's no wonder she wants villages to raise children. If she is to be the nation's model mother, children will have a better chance. - Judy Dorchester
You know, by the time you become the leader of a country, someone else makes all the
decisions.... You may find you can get away with virtual presidents, virtual prime ministers, virtual everything. - Bill Clinton (September 4, 1998) [Nick's question: OK, Bill, then
who IS running the country?]
It's shocking just how few Americans care or even know about the coming Y2K crisis. The longer this ignorance and lack of concern last, the greater the shock when Americans realize the consequences. - Frank Luntz [president, Luntz Research Companies]
I personally believe the lights will go out in a lot of areas. - Charles LeGrand [Institute of Internal Auditors]
Come 2000 there will be rolling blackouts across much of the U.S.... In tests, several utilities have suffered system crashes as the date rolls over to 01/01/2000.... Our electricity transmission network is so highly interconnected that a failure in one sector can easily cascade to others thousands of miles away. - G.K. Jayaram [chairman, Transformation Systems]
Many power-industry experts admit privately that they think large-scale and extended power outages, beginning in January, 2000, are inevitable. - Jim Seymour [PC Magazine]
What we hear from our friends in the power industry is that many power companies will not be ready on time, that there will be power outages and that the extent of them remains unknown. - Ed Meagher
I think it is axiomatic that there are going to be power failures due to Y2K. The only thing that is uncertain about it is how many are you going to have and the extent to which the problem cascades. - John Pike [analyst, Federation of American Scientists]
The threats to the economy and the public are not going to be [from] federal systems. - John Koskinen
FAA still has 102 mission-critical systems that will not be tested and implemented by March 31st 1999. This includes 19 percent of the mission-critical air traffic control systems. - John Meche [assistant Deputy Assistant Inspector General, U.S. Department of Transportation, August 6, 1998]
The best we can do is test the key paths through the system, the main things that need to be done -- issuing refunds, getting information to the customer service representatives, sending out notices.... We're probably not going to get everything tested. In fact, I know we're not going to get everything tested. - Charles Rossotti [IRS commissioner]
The Federal Reserve and Treasury Department are very much aware this [Y2K-related bank runs] could happen, and they are making provisions for a substantial oversupply of currency to meet the currency drain. - Fred Breimyer [chief economist, State Street Bank & Trust Co.]
38 percent of IT professionals say they may withdraw personal assets from banks and investment companies just prior to the millennium. - Tanya Styblo Beder [principal, Capital Market Risk Advisors Inc.]
Some people say that if everybody took what was theirs, then the banking system would be ruined. Listen, if a 'system' is ruined by people wanting to possess their own property, you've got a badly screwed up system.... The banking 'system' is in trouble because it is a scam. If it were a real 'honest' banking system and not a fractional-reserve system with fiat money there would be no problem at all. The bank would be a warehouse of your property and you could go in any time and get what belongs to you. - Paul Milne
A friend of mine got notice today that NO ONE will be allowed to take vacation during Dec. 1999 or Jan. 2000 due to Y2K. (She works at a "major banking institution".) I had heard possibilities of this discussed before, but it was the first notice I have actually seen. People who plan to "escape" the cities in Jan. 2000 for a few weeks of vacation may lose their jobs to do so. - Gayla Dunbar
By the way, the insider info circulating in the DC area superprogrammer's grapevine is that the FAA is hosed. I don't have first- or second-hand info, this is stuff from the DC area rumor mill. Similarly, the buzz from NY/NJ is that the SIA [securities trading] test was a disaster and that the news blackout was imposed on purpose.... [On the latter] I've heard two reports of problems, both [people] asked not to be identified; one said, this is too hot for email, call me at home. I did. One problem is that these leaks are likely termination offenses. Here's the good news from the rumor mill. Chase, Merrill Lynch, and Travelers are in pretty good shape and Chase is in better shape than the others. The bad news is that there hasn't been much good news about anyone else. There's been bad news about specific firms, VP's screwing up, back-level systems and applications, geek raids, firms betting it all on C/S [client/server] rehosts that are years late... have been at 90% complete for the last year, reports of data corruption caused by Y2K testing and inadequate isolation, missing source. You name it, it's in the rumor mill and it's coupled to the street test. How bad is it? I hear it second or third hand... it's a long way from Manhattan to DeeCee. We need first-hand accounts... good and bad. I don't like the idea of a 'news blackout' and by the way, everything's fine, trust us. That's called spin doctoring and we know all about it in DeeCee. - Cory Hamasaki
I work as an engineer with the City of Albuquerque. The public works director stated a couple of months ago (I heard this directly from him) that the City's fire trucks would not work after the turn of the century. - Ruth Anna Minch
I predict that many companies will have problems in 2000, but the nation's fundamental defense, telecommunications, banking and finance, and government systems will have been fixed and will operate intact. There may be some minor inconveniences, but probably not enough to completely shut down society as some apocalyptic pundits would have you believe. - Ric Edelman [investment advisor and author, The Truth About Money]
Merrill Lynch: Ship of Fools. Several weeks ago they sent out their lame happy face report about how well the whole world was doing. Well, I guess they are so busy lying about everyone else that they weren't paying enough attention to themselves. Ooooops. Up goes that [Y2K] budget. Looks like they GROSSLY underestimated...doesn't it? Yup Yup Yup. Hey! That's a fifty percent increase. Yes sir, they can sure be trusted to figure out what is going on in the world when they can't even figure out what is going on in their own backyard. - Paul Milne
Anyhow, once testing began, there were numerous problems. When the system date was changed on the mainframe (this is, by the way, not as easy as changing the date on a PC--it takes approximately an hour to do), immediately all passwords had expired. No one had even thought of that! That wasted a day. It was the first of many wasted days. As the testing effort continued, there were numerous abends (program terminations) for a variety of reasons. Because only a subset of programs was being tested, the JCL (Job Control Language) needed to be modified. There are errors inherent in this process. It was determined that our department would require approximately 300 tapes to store data files. There was argument about whose budget that would come from. Meanwhile, the operations team lost their most experienced operator (20+ years of experience), as he joined our Y2K testing effort. Lots of bad blood and lack of cooperation from operations ensued. The developers also viewed this whole project as a nuisance. They were certain the code worked (as most programmers are), and they had more pressing duties every day with production fixes or problems. The lead developer (30+ years experience) missed several days when his father died. No one knew what he does, so everything ground to a halt. When we resumed, he discovered that our original baseline date needed to be changed because field offices use week-ending dates that are 2-3 weeks in the future on occasion, which meant that our baseline included dates into 2000, which we wanted to avoid. Etc., etc., etc. Bottom line? After 6 months, we are STILL in the EXACT SAME SPOT as when we started!!! OK, we've learned from our mistakes, but NOT ONE TEST has completed!!! Keep in mind that 50% of all companies who expect to fix their code in time plan to do NO testing. Also keep in mind that many are leaving only a few months for testing. - Steve Hartsman
There is a Fortune 500 company in the Philly area that is APPARENTLY very organized and proceeding well. Unfortunately, I know the quality engineer on the project and he feels the test plans for the various 20 million lines of code are woefully inadequate. What does he do? Rubber-stamps them due to management pressure. Oh well, he IS a consultant after all... - Ray Givler
I had lunch with one of the DeeCee area superprogrammers today, ran into him by chance at a local lunch dive.... Mr. superprogrammer works for a large NYSE listed corporation, you've heard of them but let's keep the name confidential... -shsssh- No, no clues. I'd asked him about Y2K in the past so I didn't have to prompt him to spill the beans. He whispered that his MIS VP and CIO have announced their "retirement". Then he detailed the schedule for the deathmarch, they are rebuilding the corporate information system, it's currently NOT y2k compliant. "If we only had an additional year and a half..." -sigh- I didn't tell him that a couple weeks ago, I heard that the Chief Scientist was also "retiring". Hmmmm, the MIS VP, the CIO, and the Chief Scientist... all three are suddenly retiring. They announce the death march schedule. ....and by the way, we'll see you around, clowns. Haww haww haww, suckers! A superprogrammer who has a decade of experience on the corporate information system wants an extra year and a half... until summer 2001. But this schedule can't slip.... By the way, the press releases say that they're doing fine, almost Y2K compliant now; trust us, we "get it". - Cory Hamasaki
I'm a COBOL programmer. Until last week, the company I work for thought it was making good progress on the Y2K problem.... When we tried processing data with dates after 1999-12-31; guess what? Everything ran fine but we didn't get any hits on the database. We tracked the problem down to the following: Back in the late '80s and early '90s the data loaded to the DB2 databases were converted from older databases....that did not contain "end dates". So someone plugged them with a hardcoded value of '1999-12-31'. Guess they were afraid that plugging them with something like '3000-01-01' might cause problems. Now we are faced with a massive problem. We have millions of records on thousands of files that must be corrected. To make the problem even worse, these records are mixed in millions of records that have been entered since the initial load. Many of these "new" records contain valid end dates of '1999-12-31'. We are doomed. - anonymous programmer
About twenty years ago, while working on the design of a new system for a major company, I pointed out to my superiors that the common practice of using six digit dates would cause problems in the year 2000. They laughed at me! I was told, a) it was a standard practice, b) this system would surely be replaced by then, and c) none of us would be around in twenty years to worry about it. Well, they were partly right. I moved on long ago. Several weeks ago I was introduced to someone who now works for that company and division. I asked her if the system was still being used, and she confirmed that it is still a critical system and has not been made year 2000 compliant.... The system in this case is merely used to manage the design and manufacture of aircraft controls and military weapons! - Joel Ackerman
Some folks.... seem to have the notion that others of us.... who are actually offering Y2k services or information are right up there with the best of the snake-oil salesmen. That we have the perfect issue to scream 'fire', so that the big company corporate exec's (who really don't know shit from shinola about the technical aspects of the issue) will, in a fit of corporate mob hysteria, cough up the big bucks for a bottle of Y2k elixir. That we're a bunch of self serving jerks who ratchet up the tone of the discussion for our self-serving purposes. That the information and details we provide are suspect because we're not business virgins and our intentions must most assuredly not be pure. I'd submit to you that what you've got is a few people who were out on the leading edge of the issue a few years back, educated themselves on the topic, started offering assistance, and actually found a market for that assistance. The analysis of the issue by folks such as Peter de Jager or Ed Yourdon or Cory Hamasaki, and their ability to influence others, is a direct result of a lot of hard work, sleepless nights, and years of 8 to 5 career work prior to the Y2k issue galvanizing the sum of that career work. - Rick Cowles
In 2000, we will begin the great reversal of this myth of bureaucratic sovereignty. The survivors of y2k will not soon surrender to the bureaucrats again. The bureaucrats will starve. Literally. So will all those who have trusted the administrative state for their income. When the government's safety nets break, so will our straightjackets. - Gary North
One of the few joys I will have in 2000 is knowing that most journalists will be out of
work. They will be standing on street corners with signs: "Will write liberal drivel for
food." - Gary North
Second question: Why did the Federal Reserve twist arms to bail out the inappropriately-named Long Term Capital Management hedge fund? Because it felt sorry for the nice guys who were running it? Nah, try: Because if it had gone under, it might have triggered a cascade of bank failures. A purely fiat monetary system is only as strong as its weakest link, and there are lots of games with derivatives being played today that are weak links, indeed.
Should you have had any doubts previously, it should be crystal-clear to you now that the primary role of the Federal Reserve is not to manipulate the money supply, nor set interest rates, nor goose the economy, but to protect the banking system against systemic risk. Investors have obviously figured out that systemic risk has increased because of the visible bailout-nature of recent Fed moves. You can see it in the bear market in stocks, in the "flight-to-quality" rush to put money into high-grade bonds while "junk" bonds go nowhere, and in the rise in the prices of gold and precious-metals stocks. Even the politicians have caught on, as they question the LTCM bailout.
The worldwide credit deflation and collapse began as a run on Asian currencies; then several smaller Asian countries' economies collapsed with IMF "help"; then Japan's economy and markets headed south again, technically bankrupting all big Japanese banks; then the Russian banking system, loans and economy imploded; then various Latin American countries started circling the drain. Finally, with the LTCM collapse, the credit-deflation monster has reached our shores.
Look, if the people running the international based-only-on-confidence fiat money system are so clever, then why is Japan tipping into depression after eight years of in-and-out recession and bear market? Why are Indonesia, Malaysia, South Korea and Russia in such dire straits? Why haven't the geniuses fixed these problems, already?
Well, I'm not a banker, so I can tell you the game is over. We are in a deflationary bust and credit collapse, like the 1930s. The enormous postwar fiat-money-driven expansion of debt has ended. The chickens are coming home to roost; the piper must finally be paid; any cliché you care to think of that says it's over, done, kaput, finished. Put your money wherever you think it's safest; pay no attention to the little man behind the curtain who tells you that "the system is OK".
Meanwhile, back to the stock market, which is what this section is supposed to be about. I
was surprised that the meltdown did not arrive (in September) in the first downward leg of
the bear market, as happened in 1929 and 1987. It seems we'll get it during the second leg
down (which usually has the steepest drop anyway). That second leg appears to have begun
as I write this, so the "window of opportunity" for the meltdown now extends from the
first full week of October into early November, with the meltdown likely to arrive in the
vicinity of Dow 7000. Keep your powder dry.... big bargains in stocks lie ahead. Current
"fair value" for the Dow is around 3600-3700, so equilibrium probably won't be reached
until the low 4000s, where a meaningful (though temporary) bottom would be in place.
Original cost: $ 8,090.45
Present value: $10,348.08
Increase: $ 2,257.63 [+27.90%]
The performance of this portfolio and its predecessors ("Hedger's Delight", "Present and Future Income", "Crapshooter's Folly") from January 1987 to the present is +45.04%, for a compound annual rate of return of +3.22%. COMMENT on "Phoenix": No change from June (cash balance is not up to date).
B. "Professors' Investment Group (PIG)" - investment club portfolio.
SUMMARY - "PIG":
Original cost: $ 8,075.00
Present value: $ 6,379.30
Increase: $-1,695.70 [-21.00%]
COMMENT on "PIG": The PIGs expect to buy 50 shares of Genzyme (GENZ) at 22 or better. The PIGs' Web page is at
http://www.assumption.edu/HTML/Faculty/Kantar/WPigs.html
C. Fidelity IRA - real portfolio, includes commissions:
SUMMARY - IRA:
Original (1983-86) cost: $ 8,326.19
Present value: $13,998.28
Increase: $ 5,672.09 [68.12%]
The performance of this portfolio (including its predecessors) from January 1, 1987 to the present is +27.64%, for a compound annual rate of return of 2.09%.
D. CREF Pension plan; I switch between indexed stock/bond/money funds:
Date Sold Bought
13Mar92 stock @ 56.65 MM @ 13.41
29Apr92 MM @ 13.48 bond @ 31.19
19Jun92 bond @ 32.14 MM @ 13.55
29Jun92 MM @ 13.57 stock @ 56.74
24Jul92 stock @ 56.76 MM @ 13.61
29Oct92 MM @ 13.72 stock @ 58.61
23Dec92 stock @ 61.48 MM @ 13.78
16Jan95 MM @ 14.83 equity-index @ 26.44
20Jan95 eq-index @ 26.19 MM @ 14.84
30Oct97 MM@ 17.24 bond@47.56 (27.17%)
30Oct97 MM@ 17.24 i-i bond@26.12 (27.17%)
11Feb98 bond@ 48.84 MM@17.52 (27.17%)
11Feb98 I-I bond@ 26.23 MM@17.52(27.17%)
16Jun98 MM@ 17.84 TIAA Traditional (45.87%)
Values, 30Sep98: stock, 139.57; MM, 18.12; bond, 52.49; inflation-indexed bond,
27.30; TIAA current yield in SRA, 6.25%
Gain, 1988: 18.91%; 1989: 14.48%; 1990: 8.28%; 1991: 27.93%; 1992: 10.20%; 1993: 3.08%; 1994: 4.07%; 1995: 4.80%; 1996: 5.28%; 1997: 5.38%
Gain, January 1 through June 30, 1998: 2.81% (5.74% annual rate of return)
Total gain since January 1, 1988 (10.5 years): 166.73%
Compound annual rate of return: 9.79% (My long-term target: in excess of 15%)
Gain shown excludes the impact of additional monthly cash contributions.
Buying CREF stock on January 1, 1988 and holding it gained 346.20%, for a compound annual rate of return of 15.31%.
E. Current unfilled portfolio good-til-cancelled orders: None.
COMMENT on "Timer's Trend": We're still on the July 21 SELL signal, which appears to have been a very clear call to get out of stocks not too far from the ultimate top. Currently there is not even a prayer that the indicator will again turn bullish anytime soon.
______________________________ TIMER'S TREND _________________________________
Mon 23 Feb 98 . | . # | 8410.20 | . + *
Tue 24 Feb 98 . | #. | 8370.10 | . + *
Wed 25 Feb 98 . | . # | 8457.78 | . + *
Thu 26 Feb 98 . | . # | 8490.67 | . + *
Fri 27 Feb 98 . | . # | 8545.72 |~.~~+~~~~~~~~~~~~~~~~~~~~~~~~~~~*
Mon 2 Mar 98 . | . # | 8550.45 | . + *
Tue 3 Mar 98 . | . # | 8584.83 | . + *
Wed 4 Mar 98 . | .# | 8539.24 | . + *
Thu 5 Mar 98 . |# . | 8444.33 |~*~+~~~~~~~~~~~~~~~~~~~~~~~~~
Fri 6 Mar 98 . | . # | 8569.39 |~.~+~~~~~~~~~~~~~~~~~~~~~~~~~~~~*
Mon 9 Mar 98 . | .# | 8567.14 | . + *
Tue 10 Mar 98 . | . # | 8643.12 |~.~+~~~~~~~~~~~~~~~~~~~~~~~~~~~~*
Wed 11 Mar 98 . | . # | 8675.75 | . + *
Thu 12 Mar 98 . | . # | 8659.56 @| . + *
Fri 13 Mar 98 . | . # | 8602.52 | . + *
Mon 16 Mar 98 . | . # | 8718.85 |~.~~+~~~~~~~~~~~~~~~~~~~~~~~~~~~*
Tue 17 Mar 98 . | .# | 8749.99 | . + *
Wed 18 Mar 98 . | . # | 8775.40 |~.~~+~~~~~~~~~~~~~~~~~~~~~~~~~~~*
Thu 19 Mar 98 . | . # | 8803.05 | . + *
Fri 20 Mar 98 . | . # | 8906.43 |~.~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~*
Mon 23 Mar 98 . | . # | 8816.25 |~.~*+~~~~~~~~~~~~~~~~~~~~~~~~
Tue 24 Mar 98 . | . # | 8904.44 | . + *
Wed 25 Mar 98 . | .# | 8872.80 | . + *
Thu 26 Mar 98 . | . # | 8846.89 | . + *
Fri 27 Mar 98 . | # | 8796.08 |~.~*~~~~~~~~~~~~~~~~~~~~~~~~~
Mon 31 Mar 98 . | . # | 8799.81 | . + **
Wed 1 Apr 98 . | . # | 8868.32 | . + *
Thu 2 Apr 98 . | . # | 8986.64 |~.~+~~~~~~~~~~~~~~~~~~~~~~~~~~*
Fri 3 Apr 98 . | . # | 8983.41 | . + *
Mon 6 Apr 98 . | .# | 9033.23 |~.~~+~~~~~~~~~~~~~~~~~~~~~~~~~~*
Tue 7 Apr 98 . |# . | 8956.50 | . + *
Wed 8 Apr 98 . I # | 8891.48 |~.+~~~~~~~~~~~~~~~~~~~~~~~~~~
Thu 9 Apr 98 . | . # | 8994.86 | .+ *
Mon 13 Apr 98 . | # | 9012.30 |~.+~~~~~~~~~~~~~~~~~~~~~~~~~~~~*
Tue 14 Apr 98 . | . # | 9110.20 |~.+~~~~~~~~~~~~~~~~~~~~~~~~~~~~~*
Wed 15 Apr 98 . | . # | 9162.27 |~.~+~~~~~~~~~~~~~~~~~~~~~~~~~~~*
Thu 16 Apr 98 . I# . | 9076.57 |~.~+*~~~~~~~~~~~~~~~~~~~~~~~~
Fri 17 Apr 98 . | . # | 9167.50 | . + *
Mon 20 Apr 98 . | .# | 9141.84 | . + *
Tue 21 Apr 98 . | .# | 9184.94 | . + *
Wed 22 Apr 98 . | .# | 9176.72 | .+ *
Thu 23 Apr 98 . I# . | 9143.33 | .+ *
Fri 24 Apr 98 . #I . {| 9064.62 | + *
Mon 27 Apr 98 * . #I . | 8917.64 | +.~~~~~~~~~~~~~~~~~~~~
Tue 28 Apr 98 . #I . | 8898.96 |-.~~*~~~~~~~~~~~~~~~~~~~~~~~
Wed 29 Apr 98 . I # | 8951.52 | - *
Thu 30 Apr 98 . I . # ]| 9063.37 |+~.~~~~~~~~~~~~~~~~~~~~~~~~~~~~~*
Fri 1 May 98 . | . # }| 9147.07 |+.~~~~~~~~~~~~~~~~~~~~~~~~~~~~~*
Mon 4 May 98 . | . # | 9192.66 |~.~+~~~~~~~~~~~~~~~~~~~~~~~~~~*
Tue 5 May 98 . I #. | 9147.57 | . + *
Wed 6 May 98 . I# . {| 9054.65 |~.~+~~~~~~~~~~~~~~~~~~~~~~~~~
Thu 7 May 98 . & . | 8976.68 |~+~~~~~~~~~~~~~~~~~~~~~~~~~~
Fri 8 May 98 . I .# | 9055.15 | + *
Mon 11 May 98 . I #. | 9091.52 |+. *
Tue 12 May 98 . I #. | 9161.77 |+.~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~*
Wed 13 May 98 . I #. | 9211.84 |~+~~~~~~~~~~~~~~~~~~~~~~~~~~~~~*
Thu 14 May 98 . I# . | 9172.23 | + *
Fri 15 May 98 . #I . | 9096.00 *|+.~~~~~~~~~~~~~~~~~~~~~~~~~~
Mon 18 May 98 # I . | 9050.91 |*+.~~~~~~~~~~~~
Tue 19 May 98 . I# . | 9054.65 + . *
Wed 20 May 98 . I# . | 9171.48 |-.~~~~~~~~~~~~~~~~~~~~~~~~~~~~~*
Tue 21 May 98 . & . | 9132.37 |-. *
Fri 22 May 98 .# I . | 9114.44 |-. *
Tue 26 May 98 #. I * | 8963.73 |-.~~~~~~~~~~~~~~~~~~~~~~~~~~
Wed 27 May 98 # . I . | 8936.73 |~.*~~~~~~~~~~~~~~~~~~~~~~~~~
Thu 28 May 98 . & . | 8970.20 | .- *
Fri 29 May 98 . & . | 8899.95 |*.-~~~~~~~~~~~~~~~~~~~~~~~~~
Mon 1 Jun 98 .# I . | 8922.57 | .- *
Tue 2 Jun 98 . #I . | 8872.30 |~-*~~~~~~~~~~~~~~~~~~~~~~~~~
Wed 3 Jun 98 .# I . | 8803.80 |-.~~~~~~~~~~~~~~~~~~~~~~~~~~
Thu 4 Jun 98 . & . | 8870.56 |-. *
Fri 5 Jun 98 . I # | 9037.71 |-.~~~~~~~~~~~~~~~~~~~~~~~~~~~~~*
Mon 8 Jun 98 . I #. | 9069.60 + . *
Tue 9 Jun 98 . & . | 9049.92 + . *
Wed 10 Jun 98 # I . | 8971.70 + . *
Thu 11 Jun 98 # . *I . | 8811.77 |-.~~~~~~~~~~~~~~~~~~~~~~~~~~
Fri 12 Jun 98 #. I . | 8834.94 | .- *
Mon 15 Jun 98 #* . I . | 8627.93 |~.~~-~~~~~~~~~~~~~~~~~~~~~~~
Tue 16 Jun 98 .# I . | 8665.29 | . - *
Wed 17 Jun 98 . I #. | 8829.46 |~.~-~~~~~~~~~~~~~~~~~~~~~~~~~~~*
Thu 18 Jun 98 # I . | 8813.01 | .- *
Fri 19 Jun 98 #. I . | 8712.87 *~.-~~~~~~~~~~~~~~~~~~~~~~~~~
Mon 22 Jun 98 . #I . | 8711.13 | - *
Tue 23 Jun 98 . I #. | 8828.46 |-.~~~~~~~~~~~~~~~~~~~~~~~~~~~~~*
Wed 24 Jun 98 . I #. | 8923.87 |-.~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~*
Thu 25 Jun 98 . #I . | 8935.58 |-. *
Fri 26 Jun 98 . #I . | 8944.54 + . *
Mon 29 Jun 98 . | #. | 8997.36 +~.~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~*
Tue 30 Jun 98 . |# . | 8952.02 + . *
Wed 1 Jul 98 . | . # | 9048.67 |+.~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~*
Thu 2 Jul 98 . | #. | 9025.26 |+. *
Mon 6 Jul 98 . | .# }| 9091.77 | + *
Tue 7 Jul 98 . |# . | 9085.04 | + *
Wed 8 Jul 98 . | # | 9174.97 |~.+~~~~~~~~~~~~~~~~~~~~~~~~~~~~~*
Thu 9 Jul 98 . #| . | 9089.78 |+. *
Fri 10 Jul 98 . # . [| 9105.74 |+. *
Mon 13 Jul 98 . # . | 9096.21 + . *
Tue 14 Jul 98 . | # ]| 9245.54 |+.~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~*
Wed 15 Jul 98 . |# . [| 9234.47 + . *
Thu 16 Jul 98 . | # ]| 9328.19 |+.~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~*
Fri 17 Jul 98 . | #. | 9337.97 |+. *
Mon 20 Jul 98 . |# . [| 9295.75 | + *
Tue 21 Jul 98 # I . {| 9190.19 |+.~~~~~~~~~~~*
Wed 22 Jul 98 # . I . | 9128.91 |-.~~~~~~~~~~~~~~~~~~~~~~~~~~
Thu 23 Jul 98 * # . I . | 8932.98 |~.-~~~~~~~~~~~~~~~~~~~~~~~~~
Fri 24 Jul 98 # . I . | 8937.36 | . - *
Mon 27 Jul 98 # . I . | 9028.24 | . - *
Tue 28 Jul 98 # . I . | 8934.78 @| . - *
Wed 29 Jul 98 # . I . | 8914.96 @|~.~~*-~~~~~~~~~~~~~~~~~~~~~~
Thu 30 Jul 98 . #I . | 9026.95 | . - *
Fri 31 Jul 98 # . I . | 8883.29 |~.*~-~~~~~~~~~~~~~~~~~~~~~~~
Mon 3 Aug 98 # . I . | 8786.74 @|~.~~~-~~~~~~~~~~~~~~~~~~~~~~
Tue 4 Aug 98 # . I . | 8487.31 @|~.~~~-~~~~~~~~~~~~~~~~~~~~~~
Wed 5 Aug 98 # . I . | 8546.78 @| . - *
Thu 6 Aug 98 #. I . | 8577.68 @| . - *
Fri 7 Aug 98 .# I . | 8598.02 @| . - *
Mon 10 Aug 98 # . I . | 8574.85 @| . - *
Tue 11 Aug 98 # . I . | 8462.85 |~.~*-~~~~~~~~~~~~~~~~~~~~~~~
Wed 12 Aug 98 . & . | 8552.96 | . - *
Thu 13 Aug 98 # . I . | 8459.50 | . - *
Fri 14 Aug 98 # . I . | 8425.00 |*.~~-~~~~~~~~~~~~~~~~~~~~~~~
Mon 17 Aug 98 .# I . | 8574.85 |~.~-~~~~~~~~~~~~~~~~~~~~~~~~~~~*
Tue 18 Aug 98 . & . | 8714.65 |~.-~~~~~~~~~~~~~~~~~~~~~~~~~~~~*
Wed 19 Aug 98 # . I . | 8693.28 | . - *
Thu 20 Aug 98 # . I . | 8611.41 |~*~-~~~~~~~~~~~~~~~~~~~~~~~~
Fri 21 Aug 98 # . I . | 8533.65 |~.~-~~~~~~~~~~~~~~~~~~~~~~~~
Mon 24 Aug 98 # I . | 8566.61 | . - *
Tue 25 Aug 98 #. I . | 8602.65 | . - *
Wed 26 Aug 98 # . I . | 8523.35 @| . -*
Thu 27 Aug 98 # . I . | 8165.99 @|~.~~~-~~~~~~~~~~~~~~~~~~~~~~
Fri 28 Aug 98 # . I . * | 8051.68 @|~.~~~-~~~~~~~~~~~~~~~~~~~~~~
Mon 31 Aug 98 # . I . | 7539.07 @|~.~~~~~-~~~~~~~~~~~~~~~~~~~~
Tue 1 Sep 98 .# I . | 7827.43 @|~.~~~~-~~~~~~~~~~~~~~~~~~~~~~~~*
Wed 2 Sep 98 #. I . | 7782.37 @| . - *
Thu 3 Sep 98 # . I . | 7682.22 @|~.~~~-~~~~~~~~~~~~~~~~~~~~~~
Fri 4 Sep 98 # . I . | 7640.25 @*~.~~~-~~~~~~~~~~~~~~~~~~~~~~
Tue 8 Sep 98 . I# . | 8020.78 |~.~-~~~~~~~~~~~~~~~~~~~~~~~~~~~*
Wed 9 Sep 98 # . I . | 7865.02 |~.~~-~~~~~~~~~~~~~~~~~~~~~~~
Thu 10 Sep 98 # . I . | 7615.54 @|~.~~~-~~~~~~~~~~~~~~~~~~~~~~
Fri 11 Sep 98 . #I . | 7795.50 |~.~~-~~~~~~~~~~~~~~~~~~~~~~~~~~*
Mon 14 Sep 98 . #I . | 7945.35 |~.~-~~~~~~~~~~~~~~~~~~~~~~~~~~~*
Tue 15 Sep 98 # I . | 8024.39 |~.~-~~~~~~~~~~~~~~~~~~~~~~~~~~~~*
Wed 16 Sep 98 .# I . | 8089.78 |~.-~~~~~~~~~~~~~~~~~~~~~~~~~~~~*
Thu 17 Sep 98 # . I *. | 7873.77 |~.-~~~~~~~~~~~~~~~~~~~~~~~~~
Fri 18 Sep 98 # I . | 7895.66 | . - *
Mon 21 Sep 98 #. I . | 7933.25 | . - *
Tue 22 Sep 98 .# I . | 7897.20 | . - *
Wed 23 Sep 98 . | .# | 8154.41 |~.-~~~~~~~~~~~~~~~~~~~~~~~~~~~~~*
Thu 24 Sep 98 # . I . | 8001.99 |~-~~~~~~~~~~~~~~~~~~~~~~~~~~
Fri 25 Sep 98 #. I . | 8028.77 | .- *
Mon 28 Sep 98 .# | . | 8108.84 | - *
Tue 29 Sep 98 # | . | 8080.52 | - *
Wed 30 Sep 98 # . *I . | 7842.62 |~.~-~~~~~~~~~~~~~~~~~~~~~~~~
========================================================================
"Timer's Trend" is based on 4% and 10% exponential moving averages of the New York Stock Exchange advance/decline line (that is, the ratio of advancing to declining stocks). There are many symbols shown above, but the ones that count are the braces: {, } = "Timer's Trend" (4% exponential confirmed by 10% exponential) SELL ({) or BUY(}) signal.
NEXT ISSUE - will appear about October 29.
/Nick Chase