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Politics : Ask Michael Burke
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To: Mike M2 who wrote (26193)2/27/1998 9:20:00 AM
From: yard_man  Read Replies (1) of 132070
 
Richebacher et al in those pubs seem terribly pessimistic, but it won't surprise me if we see 40 - 50% off the top when it lets go. I have a friend who I used to work with -- when the market approached 5,000 he gave me several stern warnings and I got out of some tech positions because "he finally got to me." Now he is part of a group that manages a few billion dollars of retirement money. He's over 60% invested with his own money and doesn't want to hear any doom and gloom talk now that he's managing this much money. BTW he's older than the average fund manager -- he's in his 30's.
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