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Politics : Ask Michael Burke
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To: Mary Cluney who wrote (48025)2/20/1999 10:46:00 AM
From: Mike M2  Read Replies (1) of 132070
 
Mary, for some bears a strategy of getting out early and sitting in t-bills is profitable because a bear mkt for stocks is a bull mkt for cash. I do not expect a mild bear mkt but a ferocious secular bear with declines of 60 -70%. If the bear does turn out to be severe then such a strategy will prove to be wise if not then the bulls were wise to ride it out. We shall see. The bears have history on their side. Mike
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