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Politics : Ask Michael Burke

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To: zsteve who wrote (52425)	3/18/1999 1:36:00 AM
From: Peter Singleton	Read Replies (1) of 132070

zsteve, when I read that WSJ article today, I couldn't shake the feeling this was a brilliant parody - almost too much so - of the latter stages of this or any other asset bubble, but I think these guys are serious. yikes! just another thought along those lines. This is an almost perfect statement of the economic logic that underlies the conventional wisdom on expected stock price performance going forward. phew! get me outta dis place! <ng> Peter

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