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Politics : Ask Michael Burke
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To: Earlie who wrote (80565)5/11/2000 6:57:00 AM
From: PaperChase  Read Replies (2) of 132070
 
Good one Earlie. I like this comment of yours "Every dumb jerk who pressured his broker into buying all those rocket-ride, e-commerce or dot-com stocks,"

Imagine that, the customer pressuring his broker! <g>

I do not think the guy with the buying power at the consumer retail level was/is heavily invested in internet stocks. Most internuts were stratospherically priced at IPO time and were priced way beyond the means of the debt-laden consumer.

Thanks for heads up on dip buying. Greenspan will raise by 50Bp and then be a nobody until the election is over. A rally in the high growth big name techs will happen. I like the telecom equipment area because much of the capital to make these purchases is already on the balance sheets of the Baby Bells, and other providers.
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