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

To: ild who wrote (89115)	2/1/2001 5:58:59 PM
From: Knighty Tin	Respond to of 132070

ild, I like it better at today's close than at yesterday's. I think a first third in the low 3s looks like a long term winner. I do expect big problems with financial stocks and fundamental problems with some of the cos. This has to be put in perspective. I think Freddie Mac and Fannie Mae are way overpriced and good put candidates for the year ahead. But I don't think they are bankruptcy candidates in any way, shape or form. Ditto for most of the really big names. Now, when you start talking about regional banks and brokers, I think you have a chance for a double whammy. Also, I am warming up to the idea that the fund managers will be creamed. I don't quite see what T. Rowe Price, for instance, has to offer in a bear market environment. I don't expect another emergency rate cut, just two more regular rate cuts on the expected days. AG got everyone's attention and now that they are watching, he can do his briefcase pas de deux in public. Short term, I think we get some upside after the rate cut, then "timberrrrrrrr!"