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

To: Knighty Tin who wrote (26892)	3/22/1998 1:47:00 AM
From: Thomas M.	Read Replies (1) \| Respond to of 132070

You didn't mention Disney's accounting methods getting exposed to the world, and the world grimacing. -g- Tom

To: Knighty Tin who wrote (26892)	3/23/1998 12:10:00 AM
From: kahunabear	Read Replies (2) \| Respond to of 132070

Anyone ever listen to Larry Kudlow ? This guy is the spokesperson for the new era. I listened to him selling the bullish case tonight on C-Span. I have no problem with an optimistic view of the world when matched with realistic expectations. I just fear that many are drunk with profits and optimisim and have completely lost touch with the fundamentally unsound and extreme valuations that exist in this market. Also, he lauds the ownership of America's corporations by the common man. I agree. Great. But does the average stock buyer have any idea what they are actually buying ? What a balance sheet or income statement is ? If they are going to own a business they had better know. Do they know what risk is ? Economies do still decline and companies do still fail. If they knew would they pay these prices ? I don't think they know and fear they will not learn by listening to Larry Kudlow. This commoner says stocks are way overpriced! WS