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

To: accountclosed who wrote (65976)	8/8/1999 8:08:00 AM
From: PaperChase	Respond to of 132070

>>pc, it seems like you hang out much of the time in a place where you disagree with people.<< It's because I was born a trouble-maker. <G> No more silliness from the bears please...buy the dip if it happens. Look at how stocks have bounced back from last October. They not only returned to their pre-October levels but ended up going much higher. Remember, Easy Al switched to a neutral basis at the last FOMC meeting, confounding even some of the reliable bank economists like Nick Perna at Fleet Bank. (I think the word he chose to describe the situation was "bizarre".) If Big Al was serious about tightening and reigning in the Bull, he would have gone to a negative basis. The press is just looking for reasons for the latest market retrenchment and in reality this retrenchment in the indexes is nothing more than the usual market cycling.