Donald L. Luskin

Options: Perception and Reality
Tuesday, June 25, 2002
Donald L. Luskin
Options induce management to dedicate much effort and time to managing perceptions rather than the company.
Excuses, Excuses
Tuesday, June 25, 2002
Donald L. Luskin
The "don't fight the Fed" and "super-V superbull" crowds are capitulating -- and that's an opportunity for the rest of us.
Earth to Techstocks: "Your 15 Minutes Are Up"
Wednesday, June 19, 2002
Donald L. Luskin
Oracle beats, but the tech sector will still get beat up. The focus of economic recovery is elsewhere.
Normal Valuation: Where Do We Go from Here?
Tuesday, June 11, 2002
Donald L. Luskin
The overall market is normally valued for the first time in 5-1/2 years and earnings recovery is at hand -- what are the risks?
Intel: No News is Big News
Friday, June 7, 2002
Donald L. Luskin
Intel's blockbuster guidance revision shouldn't have been a surprise -- but it may signal the beginning of the end for whacky techstock valuations.
Return to Normalcy?
Tuesday, June 4, 2002
Donald L. Luskin
The equity market has finally returned to a normal level of earnings-based valuation... but what's normal? And will the earnings be there?
WorldCom: Is There Life after Death?
Thursday, May 30, 2002
Donald L. Luskin
The regulators and the Fed nearly killed WorldCom -- now they may have to try to save it.
Where Options Belong
Wednesday, May 29, 2002
Donald L. Luskin
The current push to "expense" stock options is economically wrong. The right solution is to put them on the company's balance sheet.
Semiconductors: Down By Law
Wednesday, May 22, 2002
Donald L. Luskin
Chips aren't just commodities, and it's going to take a lot more than deflation-relief to get the semiconductor industry over the problems created by Moore's Law.
Stock Options Expense: The Big Truth
Wednesday, May 15, 2002
Donald L. Luskin
Investors are insisting that options expense be included in income statements -- but they'll be shocked when they learn how big these expenses really are.

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