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Politics : Ask Michael Burke

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To: CYC who wrote (50661)	3/8/1999 6:10:00 PM
From: Knighty Tin	Read Replies (1) of 132070

CYC, I think Dow 10,000 has a chance, but only if the Nasdaq declines. Right now, the reason we saw Nasdaq up and Dow down today was that I believe Wall Street is on a short leash from Greenspan. Any more stampeding the herd like last Friday will have to be met with something other than jawboning. So, they sacrificed the Dow to run the most overpriced stocks. BTW, last I saw, the Nasdaq still had more losers than winners on a huge up day. But the whole thing reminds me of the DEC champagne party. You may have heard about it. They were closing in on either $200 or $300, I can't remember after all these years and stock splits, and DEC decided to throw a huge party the day they hit that number. Never did. I understand they gave each of the executives they laid off over the next 15 years a bottle of the champagne. <g> Actually, I think we have a crack baby on our hands. MB

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