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

To: Knighty Tin who wrote (95579)	4/19/2002 10:27:07 AM
From: Tommaso	Read Replies (1) \| Respond to of 132070

Oh joy! In the debut broadcast on April 19, 2002, Rukeyser's panel will include Frank Cappiello, President of McCullough, Andrews and Cappiello; Mary Farrell, Managing Director of PaineWebber and Marty Zweig of the Zweig Funds. Abby Joseph Cohen of Goldman Sachs will be Rukeyser's special guest. "Louis Rukeyser's Wall Street" airs at 8:30pm on CNBC.

To: Knighty Tin who wrote (95579)	4/22/2002 3:13:11 PM
From: John Pitera	Read Replies (1) \| Respond to of 132070

Hi Michael, by definition we would expect that the Wall street firms would have very high average equity allocations as we approach a bigger bear market that is most likely secular in nature. The achilles heel of the market is the large corporate debt levels which are really egregious in the worst performing sectors such as telecom. The need to service the debt creates the mandate to generate revenue even if it does not have a sensible margin on that incremental business. John