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Politics : Ask Michael Burke

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To: J. P. who wrote (57221)	4/24/1999 12:46:00 PM
From: Mama Bear	Read Replies (5) of 132070

Dipsters were rewarded again for buying Monday. Every time this happens it causes more folks to become dipsters, and reinforces the resolve of those already so inclined. I believe it will take an exogenous event to cause any significant correction. It's just not going to happen unless folks run out of money, margin buying power, second and third mortgage loans, and credit card cash advances. Someone commented on the crowd at a Waterhouse office in a recent post. I was at my local branch earlier this week, and saw a fellow who looked like he'd stepped out of the 1960's depositing a check that I was sure was a credit card 'convenience' check. When he left he drove off in a beat up stake body pickup truck. Some folks might think we're getting to the end of the line of buyers. Of course I'm judging a book by it's cover, the fellow could be an eccentric multi millionaire. <g> Barb

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