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

To: Knighty Tin who wrote (66987)	8/30/1999 1:03:00 PM
From: re3	Read Replies (1) \| Respond to of 132070

well, we were under 11k on the dow last i looked...all in all a good day <ggg> i need a 500 point day to make my offer for icecream at 4 pm even more savoury and memorable... a thou might get me to offer banana splits, that, or hard liquor <g>

To: Knighty Tin who wrote (66987)	8/30/1999 1:53:00 PM
From: LTK007	Read Replies (2) \| Respond to of 132070

Michael,I have read where some believe no ones knows the top until it is behind them. I heard Greenspan say "the troubles with bubbles you don't know they are until they burst" But I know there be people who made their reputation by giving sell recommendations just days before a crash--and I guess they were just lucky. But in final analysis you have to make that call,and bank on it. I have been listening to the bull-bear fight for 3 seemingly interminable years--I have read charts until nearly blind,have read in depth analysis about the new economy and a 20,000 DJIA within 2 years. I have read that because we have an election year ahead it is a gurantee the market won't crash. But the time comes to make a statement,and stick with it,right or wrong,put it down in black and white. So,with that in mind, in my own mind's eye I see that little dutch boy with his finger in the dike and he is sick of it and he is soon to walk away. So I a rank amateur am calling a crash---before the year 2000. I am calling for a DJIA of 7500 and a NASD of 1700. Why,I don't know---had a intense reaction on seeing the farm good prices fell off EVEN though there was a severe drought(a sign money is getting tight). And the continuing fact of wealth being equity based to the extreme while credit card debt keeps at insane levels. Because my mother ,who is 87, all year has been saying she feels like she is going through a deja vu experience,she says people are sounding so much like they did in 29,it is scary. And because I have a sneaky notion smart BIG rollers have been slipping out of the market quietly since early July,and the LAST thing they are going to do is give any bearish remarks UNTIL they are safely out(in fact they would be quite capable of giving thumbs up signals on the market as they were slowly unloading). And lastly,not simply the Y2k problem(I don't think it is a problem,but the uncertainty is all that is needed) but also what I call the western world "implant" regards the the year 2 thousand(the Nostrodamus syndrome) will have a underlying psychological influence on people whether they believe it or not,the old adage,a self-fulfilling prophecy principle perhaps will be at work. Max90