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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (75416)	2/8/2000 1:45:00 PM
From: Freedom Fighter	Read Replies (1) of 132070

Mike, It appears that Greenjean's lottery principle for technology valuations seems to be the new rationalization for the Nasdaq. I heard another analyst using it. Do you think that Al.com appreciates the fact that 99% of the participants in state lotteries either know going in they are likely to lose over the long haul or use only a very small percentage of their savings and incomes to buy tickets? The vast majority of technology investors only know what recent experience suggests and what they are being told by companies, analysts, and the financial media. That I might add is mostly spin, accounting deception, and hype. Making matters worse is that the participants in the chain letter are using very significant percentages of their incomes and savings and sometimes even debt to finance the purchases. Somehow I don't think I would be taking matters as lightly as our esteemed bubble underwriter seem to be. Now that I think about it, when I put $5 down on a couple of lotto tickets I never really considered it investing. I always thought I was gambling? A grasp of that juvenile concept should be enough to worry any central banker....except the current one of course. (g) Wayne

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