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Politics : Ask Michael Burke

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To: Fred B. who wrote (76213)	2/19/2000 2:19:00 AM
From: Skeeter Bug	Read Replies (2) of 132070

>>I have always been a demographics guy all along and I still think that demographics(Read 401 K's) still point to a robust bull until at least 2008 so I still think this is a dip to be bought. although a very nervous dip that has never been seen in the last 3 years. i.e. Dow 9850 possible and NASDAQ 3800 possible.<< fred, surely, demographics play a part. i think you over emphasize the magnitude, though. the key is credit creation. stop that and the market tanks. take back that 20% annual money growth in q4 99 and the bull tanks. that is why they won't take it out. i think the bull continues b/c the world will act short term stupid to keep this game going and will wear out kneepads at night. i hope their prayers are answered. one helluva chicken game is being played. one we can't afford to lose - lots of tl and ev wait in the wings...

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