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Politics : Ask Michael Burke

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To: re3 who wrote (66712)	8/24/1999 5:19:00 PM
From: Knighty Tin	Read Replies (1) of 132070

Ike, I think there is a good chance that this crash will be worse than 1929 for the stock market, but I hope it won't be as bad for the economy. We are more overpriced now and more leveraged now. MU is a better put stock at these levels, but I am holding out for the 70s for my last third. I understand a DLJ dead fish sees MU making a profit some day for a quarter or two. <g> DSI is the Dreyfus Strategic Income Fund, a closed end fund selling at a 13% discount to its net asset value. They buy bonds globally. I like their positions in foreign bonds while Greenspin is destroying the dollar. Next to me and, perhaps, PIMCO, Dreyfus is the best taxable fixed income managers.

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