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Politics : Ask Michael Burke

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To: Nadine Carroll who wrote (72211)	12/22/1999 10:41:00 AM
From: Earlie	Read Replies (1) of 132070

Hi Nadine: You are right, it is a very big question. Last Summer, I thought the cratering of the "day trading" fraternity would put the markets on the skids, but I was wrong. The darned thing has exhibited more resiliency than a World Wrestling Federation hero. (g) That said, I think the four big triggers I commented on in earlier posts (of which this is one) may well overwhelm this tulip once and for all. I especially worry about the U.S. dollar. If it continues to deteriorate, a full blown crash is very likely. With so many negatives providing increased pressure as we move into Spring, it will be difficult for the markets to continue to ignore the stealth bear. He has been active for many months now, and appears to me to be gathering strength. Time will tell. Best, Earlie

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