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Politics : Ask Michael Burke

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To: PaperChase who wrote (62189)	6/12/1999 10:31:00 AM
From: Bill F.	Read Replies (3) of 132070

paper chase-yes it has not been much fun. however,the risks have only escalated since i have been bearish and prices have risen.so why would that make me bullish?that shouold make me MORE bearish and it has.markets often overshoot this one has in spades.it will again on the downside too.i heard the same things in tokyo as the mkt went from 29000 to 39000 while i was short,before collapsing to 12000 and ruining the economy for a decade and counting.i have been wrong as to the duration and ultimate size of the mania but not its existence.this bubble is in the process if popping now and will cause a decade of pain when it unwinds.

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