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Politics : Ask Michael Burke

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To: Earlie who wrote (56104)	4/15/1999 12:46:00 PM
From: valueminded	Read Replies (2) of 132070

Earlie: Believe you are too early. AG and the FED wont let the market decline. They have married themselves to it and anyone who believes that he will not use all his power to prevent a market decline has not been following the FED actions lately (imo) He will play every last card in the book. Heres my take: (fwiw) It will decline when further expansion of the money supply causes a rise in rates. When AG drops short term rates and long term rates immediately spike upwards, it will be time. To your point, both of these scenarios are currently being played out to some degree or another but I expect it to be really obvious.

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