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

To: Skeeter Bug who wrote (25225)	12/23/1997 1:37:00 PM
From: Mike M2	Read Replies (1) \| Respond to of 132070

skeets, I am too negative on the market to be long anything. one could argue that Biotechs would suffer less than techs and i'm sure Wall St will make a case for rotation to some stocks but what is wrong with cash? no commissions. We are long overdue for a secular bear mkt that cuts the PEs of all stocks. I don't follow the biotechs but the company would have to be exceptional for me to want to weather the type of bear mkt that I expect. Look at SE Asia and Japan how many "experts" warned of this in advance? The few that saw the trouble ther see trouble here. Mike