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

To: Knighty Tin who wrote (70387)	11/11/1999 2:18:00 PM
From: valueminded	Read Replies (3) \| Respond to of 132070

Mike/Earlie/All In the interest of being fair to the bulls 1. making money in tech being a bull the last three years is much easier than being a bear 2. unless you are an adept bear in your trades, you are losing money as you fight an incredible trend 3. Take any of the indexes. SOX for instance. It was say 260 a year ago. today it is 660. If it was overvalued at 260, what is it at 660? 4. We can all sight individual cases (micron 92-16) But dont ignore the fact it is back to 75. Or gateway is up 4:1, or just about all of our favorite put candidates are much higher today than they were 2 years ago. 5. Inventory builds and corrections have been a fact of life for 2 years now. What makes you think stocks will react differently this time. Now to my points 1. What is catalyst for collapse ? I see none. I cite our own references, PE are atmospheric, earnings growth is nil in many companies etc, etc. 2. As long as Greenspan has the ability to pour liquidity onto the market it will not go down. No way, no how. 3. As long as tech is supersexy it goes up which makes it supersexy. It would seem the best put candidates are away from the tech sector. just my opinion. interested in yourall thoughts. thanks