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Politics : Ask Michael Burke

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To: gbh who wrote (46290)	2/9/1999 1:29:00 PM
From: Earlie	Read Replies (1) of 132070

Gary: I can understand your point of view. At this end, time in the field has biased me to the Darth Vader camp, admittedly too "early". Playing the long side at these valuation levels causes teeth to grind in sleep, so have been a comfortable, dabbling bear for two years. Year one hurt. Year two was enjoyable. Year three? Even greater divergence (stock prices vrs earnings), more countries falling down, U.S. trade and current account non-ratios, U.S. treasury shovels at work overseas, worried bond traders (speads) and PC/semi sales/earnings declines keep me irresolute. I'll own up to having been nastily scarred by 1987. We are all products of our past experiences. Best, Earlie

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