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Politics : Ask Michael Burke

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To: Bill F. who wrote (54354)	4/3/1999 9:27:00 AM
From: Giordano Bruno	Read Replies (3) of 132070

Interesting tidbit from Barrons David Hale interview... "...We have 50 or 60 technology stocks exploding on the upside, and the rest are up modestly or down. The barometer I'm using is Microsoft. One of the great signs of a peak in Tokyo in 1989 was when the Emperor's Palace was worth more than the whole state of California. Microsoft's market cap a few days ago was $460 billion. At that rate, its market cap will exceed the GDP of Canada by July. Microsoft can join the G7! It will exceed the GDP of California in the fall, and the GDP of the U.K. and Italy by January. That development clearly resembles speculative excess. Tokyo's vice minister of finance, Eisuke Sakakibara, referred to the U.S. economy in Davos last month as "bubble.com."

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