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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Skeeter Bug who wrote (64051)7/6/1999 1:17:00 PM
From: Mike M2  Read Replies (2) | Respond to of 132070
 
Skeeter, agreed, if AG was concerned about irrational exuberance he would have kept the tightening bias. My guess is his plan is to perpetuate the bubble as long as possible and let the next guy worry about. Fortunately for the bears markets aren't always so accommodative I hope it happens on his watch. We'll see. My new era targets are DJIA 12000 and S&P 1500 by mid August. I will not go long just watch from my cave -g- AG's policies give new meaning to the phrase " don't fight the fed." Mike



To: Skeeter Bug who wrote (64051)7/6/1999 11:55:00 PM
From: JBW  Read Replies (1) | Respond to of 132070
 
Skeeter,
I believe you are right. With the new earnings estimates and Acampora calling for DOW 13,000 I think the bubble has a way to go. I just hope for everyones sake that when the time comes it deflates slowly and avoids a crash. That should be great for put buyers. Whoever the next president is will have a difficult situation to face.
JBW


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