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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (83435)	9/4/2000 2:23:25 AM
From: ild	Read Replies (1) of 132070

Michael, thanx. What's your take on market's movement in next 4-6 months? As I understand everyone, including bears (scary), expect markets to go up because of elections. I think that elections is a non-event. Like Y2K was. It's an event that has already been factored into stock prices. In 1999 many expected the markets to drop because of Y2K. It didn't happen. On the contrary markets went up a lot. I think that there are many symptoms that markets won't meet people's expectations this year as well. Slowing economy, higher rates, oil at $33. Technical - VIX. Big uncertainty about what the new president, whoever he is, will do to clean the playground.

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