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Politics : Ask Michael Burke

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To: Earlie who wrote (51948)	3/15/1999 11:30:00 AM
From: JRI	Read Replies (2) of 132070

Earlie: Here's something we agree on....yes, the pump is ongoing in Japan until the end of year...got to make those books look good...Japanese market should take a hit in April....(here's where we differ, I think..) With the Japanese gvt. determined to prime (can we call it priming at this point)...ok, flooding the market with liquidity thru lower interest rates...and the fact that this theory about the Japanese equity markets taking a hit after April 1 is not exacting rocket science...where do you think that excess liquidity is going to go? Hmm.. That's one reason why I think it is difficult to short tech stocks over the next 6 weeks...Like I said previously, we'll know soon enough...

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