bubble or balloon

[Tom Lehman]

According to P&G their costs were going up due to energy.  P&G impresses me
as being a tightly run machine with good bookeeping and accounting.  Other
corporations in this sector are reporting problems too.(following the
leader?) These corps are being honest in their forecasts and will weather
the coming financial storm in better shape than the lax and irresponsible.
The longer oil prices stay up and with interest rates going up the bigger
the bang will be!

You can get a nice government insured 9 month varible rate cd paying around
6.7% interest rate adjusted monthly--not bad and pretty tempting!

Tom Lehman

Doug Henwood wrote:


> Rakesh Bhandari wrote:
>
> >Aren't
> >they the ones getting hit hard by Greenspan's rate hikes that hurt Old
> >Economy companies?
>
> I don't get this. Why should rate hikes hurt Procter & Gamble? The
> entities most vulnerable to rate hikes are preposterously valued
> stocks of profitless companies. And without the endless stream of IPO
> cash, where will most of these net firms be?
>
> Doug