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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (43409)	1/14/1999 3:55:00 PM
From: yard_man	Read Replies (2) of 132070

Man are you bullish -- first the prediction for the S&P and now this: <VBG> latimes.com:80/excite/990114/t000003884.html >>He cut his recommended equity fund weighting Wednesday to 40% from 80%. Burke said he "wouldn't be surprised to see an 8%-to-10% correction" in broad market indexes over the next month or two. He added, however, that the latest results differ in one key respect from the high-optimism readings of August 1987 and January 1992 that preceded market downturns. "In both of those previous surveys, the bears were down to around 19%, but now they're hanging in there at 30%. Until we see more capitulation, I wouldn't get too panicked." <<

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