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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (71336)	12/3/1999 11:52:00 AM
From: Dushyant Narayen	Read Replies (1) of 132070

Michael/Earlie, thanks for your responses - wasn't intending to pound on the bears, just a little frustrated that while I've been sitting on the sidelines waiting for more attractive stock prices (and earning a couple percent in the bank), the market is going bloody crazy, this morning up another 275/75 points as I type this - Again, I'm not clear on what will precipitate a return to what you are calling a normal 20 pe - but I hope it happens swiftly and brutally - What are you basing your expectation of a 40% haircut in earnings on ? Regards, DN

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