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Politics : Ask Michael Burke
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To: Knighty Tin who wrote (69801)10/29/1999 10:35:00 PM
From: Joan Osland Graffius  Read Replies (1) of 132070
 
MB, >The main thing that makes me think this rally doesn't have legs is that it is running against the economics.

I can not believe what we are seeing. It sure feels like a blow off to me. If we are correct and this thing goes to another galaxy, it is going to be "real" ugly. I wish I knew how to tell when the capital is all used up. My problem is that I was not around in 1929 when that one blew up. <ggg>

I was in the camp that this market would be a painful grind down, but it does not look like that is the way Wall Street wants to play the game.

Thanks for your thoughts on gold. I am not buying oil right now because of this darn over priced market because when she blows BR and UCL should be cheaper. <ggg>

Joan
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