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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (71269)	12/2/1999 5:16:00 PM
From: Dushyant Narayen	Read Replies (5) of 132070

Michael and Earlie, no one wants you guys to be right more than I on a market correction (or crash or nuclear winter etc,) given that I'm substantially in cash, although thankfully not in short or put positions - but the cold hard facts are that the Naz is currently at 3450, and even a 50% correction from here would not put us at the point where I believe the two of you started being bearish on the tech sector - and I don't see any way we get more than a 15-20% haircut tops, even though it is hard to see what would precipitate that now. And no, I'm not Paper Chase in disguise, although he would definitely be justified in showing up here and doing some serious gloating... Regards, DN

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