Hey! Listeners! Mellow out!
The concensus is that if George Bush is elected, he won't push for a break-up of Microsoft. This would eliminate a lot of the uncertainty surrounding the stock, so the price would go up. Gore is equivocating on the issue. So last week when a caller asked if now would be a good time to buy MSFT, I said that if he does buy it, he should put a "Bush for President" sign on his lawn. Let me assure those of you who e-mailed that I am not a greedy, nasty, homophobic, misogynistic, gun-toting, rabid right-wing Republican, nor does one flip remark make SOUND MONEY a "blatant political program". Please save your venom for the political commentators.

In the meantime, the market is looking for A Sign and is lurching about in a broad trading range. The latest economic indicators still point to a strong economy, but without signs of inflation. The trade deficit, unfortunately, just keeps getting bigger and uglier.