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Politics : Ask Michael Burke

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To: Larry P. who wrote (31629)	8/26/1998 10:16:00 PM
From: Joseph G.	Read Replies (2) of 132070

In the latest issue of Fido Focus Lynch talks about how it may not be a good idea to be fully in stocks when, in his words, "normal valuations" for stocks of P/E between 10 and 20 have been exceeded. Also talks a little about how it has not been wise for a Japanese investor to buy dips in "their Dow", his words again, on the way from 39,000 to 14,000. His views were expressed as of July 2, 1998, subject to change ... Can't blame him anymore after the market tanks - he's hedged. -g-

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