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

To: Knighty Tin who wrote (69791)	10/29/1999 5:46:00 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 132070

Michael, do you really think all those shorts have capitulated en masse during this rally? remember, the latest short interest data showed both NYSE and NAZ short interest at record highs. i'm not so sure if it's all covered already... it seems to me that we have all the ingredients for a blow-off in place, and you have called it one yourself if i remember correctly...but how do we know when it's over? obviously fundamentals have gone out of the window a long time ago, and once the NAZ reaches a p/e of 160 as it now has, what difference does it really make if it reaches a p/e of 170, 180, or more? i'm just trying to find out what exactly makes you think that this rally is already long in the tooth. regards, hb