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

To: BGR who wrote (77104)	3/7/2000 11:06:00 AM
From: Earlie	Read Replies (2) \| Respond to of 132070

BGR: "Probably" covers a multitude of sins and a single article from a single journalist doesn't necessarily signal an accurate market perception. Not that I care to argue the degree to which foreigners are buying U.S. equities, except to point out that heavy foreign buying of U.S. stocks has been an excellent indicator of a top in the past for many pros, but who knows this time. "Think hard before you answer" sort of smacks of someone who has, (or thinks he has) all the answers. Perhaps you do. But I'm not sure it requires too much heavy cerebral effort to recognize that rising rates suck dough out of stock markets as well as crater the ability of companies to produce profits (which has been known to smash extended PEs in the past). That said, perhaps there is something more on the topic that you might wish to illuminate for the thread. If you think the above-noted premises are inaccurate, spell it out. While you are at it, you might also provide an explanation as to why huge sections of our stock markets have been falling for many months. Transports, utilities, retail, metals, juniors, etc. And that close-to-two-year decline in the A/D line? Not related to rates? Might it be that given the huge IPO and insider sales that we are running out of dough to support the entire bloat and that it is only certain sections of the market that now carry the (index) can? Your comments on the "Summers stupidity" doesn't make any sense to me, so try that one again if you don't mind. Having taxed my brain excessively as requested, I must take a rest for a bit. Earlie