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

To: kahunabear who wrote (26209)	2/27/1998 6:07:00 PM
From: Mike M2	Respond to of 132070

Whipsaw, If you told the average person in 1990 that the dow would rise to 8500 you would get the same reaction one gets if they call for Dow 3000 . The fiendbear site that I posted earlier has a nice table of bear mkts since 1900 - it is a good reminder that stocks can go down-substantailly. Did you read the Kutyn articles he thinks China will devalue the yuan and cause major problems for the world mkts. I expect bad news from asia will do this mkt in. Earnings will be hurt but people don't buy earnings now they buy momemtum. I feel the inevitable bear mkt will be far worse than most people imagine. Momentum in reverse. Mike