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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (28996)	6/13/1998 9:21:00 PM
From: yard_man	Read Replies (2) of 132070

FPF is the only one that is causing me indigestion as I have made much more than I am currently down on EWM, doubling up on Jan 12 and selling that batch some time ago. Currently in that one at 4 9/16 and it was all I could do to not to buy more at 3 1/2 Friday . CH is a long term investment for me, but wish I hadn't bought more at 15. Thinking about what happened in Asia -- equities collapsed first and then currencies -- is that right? Or was it more simultaneous? It would seem natural for equities to collapse first, then as questions arise as to companies being able to service their debts when things become more dire ... Seems obvious to me that there is going to be a decline in equity prices here as the future doesn't always get better. Just counter to common sense. My question is: how serious of an earnings decline is it going to take to wake some folks up? Then how large of a decline in stocks to shake peoples confidence in the mighty dollar? My guess is that we have to have a series of BK's in prominent technology stocks before everyone "gets it." Are there specific stocks, which if they get hit, you think would signal the beginning of a "sea change?" Even though I made the post PWI, don't get me wrong -- your alliterations are tops. Almost had me in tears. New prediction for MU breaking 20? (only before July expiry, please!) Think I saw some guys from MSFT when I was at the Redhook brewery last Tues night. After all, who would bring file folders and daytimers to a place like that! Ever been to the San Juan Islands? Seattle is just another big city -- but those Islands -- very nice.

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