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

To: Gerald F Bunch who wrote (27476)	4/17/1998 12:34:00 PM
From: Mike M2	Read Replies (1) \| Respond to of 132070

GB, some slime was on CNBS saying who is to say the mkt PE is too high it could go to 40 or 50. At the moment Wall St does have an irresponsible FED on their side who either does not see or chooses to look the other way with respect to stk mkt speculation which,in my opinion, is worse than the 1920's. People love to blame the abuse of margin on the '29 crash when only 40% of customers had margin accounts. I would say the widespread use of options and the carry trade in the bond mkt involve far greater leverage than seen in the 20's. Mike

To: Gerald F Bunch who wrote (27476)	4/17/1998 5:09:00 PM
From: Knighty Tin	Read Replies (1) \| Respond to of 132070

GB, Thanks for the URL. I wrote the lawyers a note asking why those of us who got screwed on our long puts and short stock were not included in the lawsuit. Heck, we were the ones who really got creamed by the fake eps reports. No <G> MB