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Politics : Ask Michael Burke

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To: PaperChase who wrote (69143)	10/15/1999 5:10:00 PM
From: Franco Battista	Read Replies (1) of 132070

PC, the fact that these stocks were up today (along with other high-flying tech stocks which were only slightly down) just shows that there is still a lot of complacency among investors and that they will not heed the warning signals. This is a normal reaction since we have been in such a long bull market where stocks always come back. To believe the opposite is almost impossible for most of these people to comprehend. They will go straight to the slaughterhouse with a big smile on their face! Imagine, today investors were selling high risk stocks such as Utilities (where they still pay dividends) to buy rock solid stocks such as MU,LRCX,RMBS,JNPR etc.! This isn't even gambling, it's lunacy! These arrogant idiots deserve all the pain that is coming their way! These POS stocks will be the last to fall, but the wait will be worth it for their stock prices should reflect the IQs of those who bought them. BTW this is just phase 1 in the bear market IMHO, Panic hasn't even moved in yet.

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