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Politics : Ask Michael Burke

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To: Tommaso who wrote (41129)	12/28/1998 12:24:00 PM
From: Knighty Tin	Read Replies (2) of 132070

T, Yes, energy stocks could go out with the tide when it turns. Or not. That is why all of my long stocks only represent 10% of my total portfolio. I want something in case the undervalued get fairly valued, but I am not betting the ranch with this grotesque level in the general market. I think the maladjustment of the economy has been going on for so long that the grinding type of bear is the most likely. I learned about these comparisons from TAs, of all people. If you ask a TA what he thinks about something, he will pull out a chart from 1994 that shows how things developed then. But, if you have a chart from 1994 that disagrees with him, out comes one from 1882. <G> In other words, the future often resembles the past. We just don't know which past. <G> MB

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