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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (43714)	1/17/1999 1:13:00 PM
From: Ted David	Read Replies (7) of 132070

I believe... and in the past management has instructed us.. to take no sides, to be neither bulls nor bears. I am neither a doomsayer nor a market cheerleader. The market will do what the market does and I will report it. Period. I do believe that with interest rates as low as they are, even if the market suffered a severe pullback to say 6500, if rates remain low, people will continue to watch CNBC and other business news outlets. The thrust at that point will be "where do I do my bottom fishing?" If rates were at 8% or higher, I might buy the argument that people would not watch ... they could go to safe CD's and not worry. But when you get 2,3,4% on your short money and 5% on your long money, only one place to be is in equities and one of the better places to get info on where to invest is CNBC. -td

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