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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (54500)	4/4/1999 6:55:00 PM
From: moonsparks	Read Replies (1) of 132070

Michael, Thanks for the thoughtful posts. I admire your patience in answering questions from novices like me. I do have some more questions if you don't mind. Do tech cycles usually coincide with macro economic cycles? I remember you saying that the current tech cycle started around the beginning of the decade, and that is also the last time we had a mini bear market. And the tech cycle before that started in the early eighties, when the big bull began. Also, how important is knowing macro-economics to success in the market? I know that most people on this thread regularly mock economists, especially those in academia. I always wondered why economists weren't rich if they were so smart. I'm not clear about what comprises "money market instruments" in the 90 part of the 90/10 portfolio.

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