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

To: yard_man who wrote (79655)	4/15/2000 5:08:00 PM
From: Skeeter Bug	Read Replies (1) \| Respond to of 132070

>>the market can't be rescued again ... no matter how much they lower. It's undone ...<< never say never. a tough task, yes. but this administration has had no problem raping the future for present gain. is now much different? again, the market is FLAT compared to you being "right" about an imminent crash in december when i was teasing you about the end being near. granted, i also poked fun at higher levels. i NEVER guaranteed that the bubble would expand through the elections. i did say the powers that be would do all in their power to make it stay high. naz 3300 is not the end of the markets, trust me. pes of 100 are still EVERYWHERE. i'm a value investor and about all i see is aggressive fair value as worst case scenarios. the market fell 25% in a week. let's see what leverage the powers that be use to pump this bow wow. clearly, they were caught by surprise. they WILL do something. let's see what it is... i predict HUGE cash infusions and no more interest rate hikes, for starters. the script isn't totally written yet. i'm not happy about it, but i've learned how these clowns work. they WILL try SOMETHING and it WILL be BIG. you gotta give them more than 5 working days. i have to admit, i'm excited, in a sense, about stocks heading toward fair value (nowhere even close yet, tip - another 30-40% is required assuming no recession). i don't like the damage done to our economy, but i didn't cause it. alan.com did. btw, if i had sold gztc or trps or lgndw when you claimed the market crash was imminent i would have gotten about $12 instead of $28 (ran to $50), $13 isntead of $23 (rant to $39) and $5 instead of $10 (ran to $19). if i was so confident i would have left 100% on the tabel and i'd probably still be holding today $14, $17 and $6. i sold so the proceeds are locked. i was so confident the bubble would keep expanding that i stayed cash. i am wondering whether a small bet on some calls is in order - though i'm not going to play it. you ARE on the side of the angels, but the devils, so to speak, have lots of cash and power. did they use it all up? only time will tell. 5 days isn't enough to know. ps - and i DESERVE this rousing for teasing you! so there is a foot in my mouth - it just isn't as smelly as you might think ;-) I AM NO PC!