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Politics : Ask Michael Burke

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To: Freedom Fighter who wrote (90365)	3/20/2001 11:34:45 AM
From: benwood	Read Replies (1) of 132070

Wayne, time will tell if the market is encouraging, long term, or simply encouraging another sucker rally. Historically, and hysterically, I'd guess sucker rally. When I see comments in the press like yesterday's " praying for a rate cut..." I can't help but think that people are grieving about their fiscal well being, and somewhere between the denial phase and the bargaining phase. Acceptance will come later. I think so many people are clinging to the hope that AG will now bail THEM out that I believe they may capitulate if this cut doesn't start a serious rally. I don't think it will; instead, I think it will set the stage for the final distribution and lastly capitulation by the small investor. Ben

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