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Politics : Ask Michael Burke

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To: Earlie who wrote (24709)	11/23/1997 9:21:00 PM
From: Earlie	Read Replies (1) of 132070

Thread: Was it only a few months ago that every fund was running full page newspaper ads, and prime time TV splashes gushing over the absolute need for all investors to have exposure to Asia? Any of you recall even one analyst suggesting that Asian stocks should be shorted? Have any of the financial magazines run articles warning of serious problems in the near term for Asia? I bring this small point up to underline just how quickly and ruthlessly the bear can act when the last of the available dough has been committed to the markets. In a matter of a few weeks, untold wealth has been swept from this planet, and very few saw it coming. Of even greater concern, on this side of the Pacific, the attitude is......"gee, too bad.....how much is IBM up today?" Crashes occur when the vast majority think it can't happen. Earlie

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