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Politics : Ask Michael Burke

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To: Crimson Ghost who wrote (83302)8/26/2000 12:24:24 PM
From: Rarebird  Read Replies (3) of 132070
 
George, I think you are making a grave error looking at the VIX in isolation. The CBOE put/call ratio is quite high.

I have previously said for months now that the April/May lows are in for this year. Next year is an entirely different story. But this market is a stock pickers market on the long and short side. I have a price target of 4450 on the COMP by the end of this year.

Till the election, I think a strategy of continuing to buy the dips and selling strength will pay off.

I think it is important to look at this market without the accompanying bullish or bearish biases. There are plenty of stocks that are selling at dirt cheap levels.

I continue to see a moderate equity rally into the election and a Gore Victory.
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