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Politics : Ask Michael Burke

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To: mike iles who wrote (25361)	1/12/1998 7:33:00 AM
From: Earlie	Read Replies (1) of 132070

Mike: If there is one thing that you ought to be able to count on, it's that I probably am "early". That self imposed nickname is there to remind me that fundamentals often take a while to sink in, especially in a mania. That said, with Asia in complete meltdown, and money now flowing to bonds (or to cash), a cliff is not far ahead for markets on this side of the Pacific. Hong Kong got clobbered again last night, although Korea was up. Today is likely to be nasty here. A self-feeding closed loop is being created. Best, Earlie

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