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To: Eashoa' M'sheekha who wrote (11)	6/26/2000 11:03:00 PM
From: Mike McFarland	Respond to of 28

An excellent interview. I hope his optimism for a much smaller number on that debt to GDP turns out to be good call--I think I heard a blurb about the White House just today doubling the surplus and backing up debt day a year, to something around 2010. <muting cyclicality> That wouldn't break my heart, like Applegate I rode my stocks up, and then rode them back down in April, horrible--I traded out then back in and avoided a little of the correction, but I had surreal gains that I should have better protected. Unlike Applegate I am into biotech, and am not dazzled by information technology related shares. I'd have liked to have heard some Lehman biotech picks, perhaps another day.