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Politics : Ask Michael Burke

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To: Earlie who wrote (44594)1/26/1999 12:13:00 PM
From: Mike M2   of 132070
 
Earlie, ho ho ho Charles Ponzi would be proud. Like Wm. Fleckenstein I am waiting for signs of exhaustion for the market. Valuation levels and accounting gimmickery don't matter to most nor will it until the bear begins in earnest. It seems that the leaders of Wall St and the government have no fear of a bust which is inevitable. We have to wait for the last dollar to come into the market. Bob Rubin does not feel it is appropriate for a Treasury Secretary to comment on the levels of the stock market but i bet he changes his mind WHEN the market tanks. Mike
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