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Politics : Ask Michael Burke

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To: Freedom Fighter who wrote (76562)2/25/2000 2:52:00 PM
From: Simba  Read Replies (2) of 132070
 
Wayne:

It seems like an orderly liquidation is in progress. First pick the "old-economy-smoke-stack" stocks and shoot them. People using the old-economy stocks as margin for the high teh ones will liquidate some high tech. But the Nasdaq will be dealt with later. IMHO this could be a combined effort by the Fed and the Wall street brokerages so as to not panic the public. But I have been rarely right about this market.

Simba
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