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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (86250)	12/4/2000 6:35:03 PM
From: BSGrinder	Read Replies (1) of 132070

Michael, We are looking forward to hearing your thoughts. You have been so quiet while all these scamsters were blowing up. But as Fleck likes to say, people are finally starting to connect the dots. Do you think there have been any meaningful mutual fund sales to meet redemptions yet? I don't see how we can have a bottom until that process gets underway. My wife told me that her company was expecting $1 million to fund a study for the Packard foundation, but that the foundation had lost 8 of $18 billion dollars being in the stock market this year. So her company is only getting $200,000 for the study. They have nothing to do with the internet, but they are getting hit from the collapse of the dot.com and telecom manias. The internet consulting company I work for is imploding faster than a black hole. Given these data points, it is hard to imagine a "soft landing." Thanks, /Kit

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