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Politics : Ask Michael Burke

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To: bluejeans who wrote (34052)	10/16/1998 11:44:00 AM
From: Knighty Tin	Read Replies (4) of 132070

Bob, I am very happy that I get to buy puts again. As I've said here, I was very light on them and kind of concerned that the bounce might not happen. However, I am not happy about the rate cut. I may be a bear on stocks, but I participate in the American economy, and I hate to see the speculators rescued and encouraged to do more stupid things in the future. That just makes the downside, economically, more intense than it would have been had AG allowed a modicum of suffering. Also, he hasn't put any restrictions on this new easy credit, so the old sins will dominate once again. Sad for America. MB

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