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Politics : Ask Michael Burke

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To: Ilaine who wrote (41977)	1/4/1999 9:28:00 AM
From: Mike M2	Read Replies (1) of 132070

CB, BK must come because Will says it must. -g- In general, stock valuations reflect earnings and the rate at which the public is willing to capitalize those earnings. Earnings multiples are influenced by a number of factors : recent market history-the public has linear expectations in a non linear world-George Soros; the trend of earnings; monetary inflation; investor psychology-right now investors are wackozoid; the state of the economy. The bulls cannot point to a period in recorded history when a speculative orgy has not ended in disaster. Continued in next note cause I'm running me generator Will leaves da lampost light on so the neighbors know that I have power while they drink cold coffee-g Bears can be so mean VBG Mike

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