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Politics : Ask Michael Burke
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To: Knighty Tin who wrote (37838)11/30/1998 7:50:00 PM
From: SeaViewer  Read Replies (1) of 132070
 
Joe BatsInTheBelfria will say that the market will go up forever because of the collapse of Communism.

MB:

Just for your info: I saw Joe on Nov 17's Nightly Business News. He predicts DOW 9500 this year, and 12000 next year. He also showed one of the anchors his portfolio:

50% in growth stocks
25% in his firm' partnership
15% in real estate
10% in junk bonds

His biggest holding is MRK, which is a defensive drug stock. If he is really so bullish as his prediction, he should put his money in those high flying tech stocks.

Jeff
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