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

To: Earlie who wrote (70840)	11/21/1999 5:52:00 PM
From: valueminded	Read Replies (3) \| Respond to of 132070

Earlie/Mike/Others Heres my prognostication: Whats yours - please include rough timing as predictions are not very useful w/o timing. thanks After giving some thought to the current conditions, I think the likelihood is very good that puts in January expire worthless. There is still a significant number of people expecting some Y2K issues, so I expect a reasonable rally between now and the end of the year. In early January, after the world does not end, there will be a veritable explosion in the stock market as the last people hoarding cash dump their assets into an inflated market. After that (say february), the market will begin to melt down. The FED by its expansionary monetary policy has actually created a monster that will be beyond its power to control. When its attempts to stem the tide fail, the market will lose faith in the fed and will crash along with the dollar before the next election. I wish this wasnt true, but I feel it is. There is a saying the bigger they are, the harder they fall. Here I am wishing we had not prolonged it this long as the fall is likely to be ugly. imo