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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (28338)5/21/1998 2:52:00 PM
From: kahunabear  Read Replies (1) of 132070
 
MB

I just heard a guy on one of those 24 hour financial networks(commercials) say that when we turn CSCO will be a leader on the way up, yesterday a guy said he thought we were due for a rally in the large caps, and another guy was talking about what a great buy some stock was at 17 times '99 earnings. Geez. Did I miss something. Have we not been rallying for about 7 years ? Do current earnings count anymore ? Am I the only guy skeptical of these brokerage analysts ? They are still in the business of selling stock, right ?

WS
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