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  • hellomorons hellomorons Mar 26, 2003 3:47 PM Flag

    USA Military Admits Lying

    This was a good example of US Military lies.

    - The first link is the US Military denial of targeting the civilian neighborhood.
    - In the second link the US Military confesses attacking civilians.

    U.S. Denies Targeting Baghdad Community

    WASHINGTON (AP) - U.S. military officials on Wednesday denied targeting a residential section of Baghdad where cruise missiles struck near a market, killing 14 people. ...

    U.S. Admits Residential Baghdad Strikes
    Wednesday, March 26, 2003; 2:13 PM

    The Associated Press - The Pentagon acknowledged striking targets in a residential Baghdad neighborhood that may have caused civilian damage or deaths Wednesday ...

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    • Thanks for an interesting read. I found this quote to be memorable.

      "The mistake most bulls make is to project the performance of the economy onto the stock market. The mistake many bears make is to project the performance of the stock market onto the economy. It is quite possible for the stock market to drop 50% and for the economy to muddle through."

      The broad S&P has dropped over 40% from its highs of 2000. The economy has seen a mild recession and some eratic growth in that same period. I'm betting on ranges for now.

    • I provide a newsletter that comments on Bob Brinker's Moneytalk. Here is what he said on TXN this weekend. If you want to find out how to get my newsletter, visit my website which is at the end of this post.


      Bob Brinker Comment: The board of directors of Texas Instruments is coming under fire. There is a group called Institutional Shareholder Services (ISS) which is upset over the board's decision to set aside 240 million shares of the company's common stock to be granted as stock options to non-management employees. The board made this decision without first obtaining shareholder approval. As a result of these actions, ISS is recommending that stockholders withhold their votes for the eight board members, inclding the company chairman and chief executive officer. A couple of callers asked Bob where they could find more information about ISS, and Bob suggested that you call them at their corporate headquarters in Rockville, Maryland or visit their web site.

      Editorial Comment: ISS is the world's leading provider of proxy voting and corporate governance services. Their core business is to analyze proxies and make objective vote recommendations for more than 10,000 U.S. and 12,000 non-U.S. shareholder meetings each year. You can reach their corporate headquarters at (301) 556-0500 or visit their website at this url:

      To find out how to subscribe to my service, visit my website:

    • oldfellow,

      "1) getting the stock market going again
      "2) getting the economy moving again
      "It would seem plausible that solving 2 will improve 1."

      At first glance it might "seem" plausible but consider this bit from John Mauldin:

      "For new readers, let me once again make an important point: there is no long-term connection between the growth of the stock market and the growth of the economy. As a recent example, the economy grew 373% in the 17 years from the beginning of 1965 to the end of 1981, while the Dow was absolutely flat. From 1981 through 1998 the economy "only" grew 177%, while the Dow surged over 1000%, or ten times in just 17 years. If you go all the way to the end of 1999, it was up 13 times with a growth less than half that of 1965 through 1981, when the market was flat!"

    • ouguru2, now I see your reference here.

      Of course you realize that you are facing reports from:

      General Wallace

      and a number of other apparently independent sources.

      Remember you trust authority. Well as I remeber it Arnett is THE authority on wars in Iraq. :-)

      ouguru2: again it is getting hard to hide. Reality is an awfully demanding taskmaster.

    • CV501 wrote:

      Ah, you do have a way with words.


    • Ah now I understand your position.

      Ah, you do have a way with words.

    • Ah now I understand your position.

      Might we not have two loosely coupled problems here:

      1) getting the stock market going again

      2) getting the economy moving again

      It would seem plausible that solving 2 will improve 1.

      My thoughts are focused solely how to improve the stock market: possibly by forcably injecting more money into the stock market.

      If the goal is improving the economy, then of course my suggestion won't work. We will need abuot $300B in 2003 injected probably from the feds to make this happen.


    • $3B is only a very small drop in a very big bucket. With trading volume at an
      estimated 170% of GDP, or $17 trillion annually that doesn't even amount to the
      proverbial rounding error.

      Thank you Davy Jonz, my point exactly. With capex spending practically nil and individual investors wary, there is very little cash going into this economy, which is what needed to drive the markets higher.

    • Please provide evidence with references for your comments. I find it useful to handle such things in an objective manner.

    • isn't Peter Arnett one of your must reads?

      You've posted your propaganda right along
      with him. Or do you now not trust him either?

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