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Politics : Ask Michael Burke

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To: Leo Francis who wrote (26269)	2/28/1998 8:49:00 PM
From: yard_man	Read Replies (2) of 132070

MB has been stating the bear case for PCs for a long time and I can understand folks who jab at him a little bit looking at what some of these stocks have done, but this whole thing is getting ridiculous -- how long can the earnings multiples continue to expand for PC makers. It's a game for fools now. The music has to stop one day. The whole country has made huge investments in IT as the cycle has shortened repeatedly. I don't know which is worse -- only time will tell -- the irrational love of stocks which has propelled the markets to this height or the irrational love of computer technology. I hope that your short wins.

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