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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (97753)	11/10/2002 2:18:07 PM
From: Joan Osland Graffius	Read Replies (2) of 132070

Martin Biggs was on with Lou on Friday night. I don't know what his game has been but it certainly has resulted in the traders to go long and at minimum take out some of the shorts. He is on the train of pushing the market up and hoping for good economic news and good news from the big tech players like Inel, Amat, etc. He seems to think 1Q will be the time for all this good news to show up. Maybe this is the old Christmas lies game. He does not seem to give a rip about value, continuation of the bubble, or other risks in the system. The only risk he mentioned was a double dip. Of course the Washington numbers will never show a recession - just like the last one as an independent firm had to spew the numbers of a mild recession as we waited for the revisions out of Washington. If Fleck and Fred are right his followers will be taken to the cleaners. Interesting times!!!!!!

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