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Politics : Ask Michael Burke
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To: Mike M2 who wrote (23892)10/23/1997 5:23:00 PM
From: Knighty Tin   of 132070
 
Mike, Everybody says today was no big deal. Sort of like Germany in 1944, "we are still winning the war." -g- However, I was shocked at the inability of the brain-dead bulls to rally the market more strongly in the late afternoon. Every geekazoid on Wall Street was telling them to buy. "We're behind you all the way, just across the bay." -g- I expect a redoubled effort tonight and tomorrow. Every broker I knew called me today to tell me how cheap things are. My answer was simple: where was Gateway 2000 when they were growing at 50 pct. a year? Where is the stock today when it is growing negatively? How does that define cheap? -g-

Actually, the bulls don't have to worry about getting out. P.T. Barnum will sell them tickets to see the Egress. MB
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