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

To: Knighty Tin who wrote (27822)	4/30/1998 12:41:00 PM
From: valueminded	Read Replies (1) \| Respond to of 132070

Mike: Have written to you in the past, and my basic thesis at this point is that overall, it is difficult for the market to go down when we are awash in so much credit. The good news, is that it can not continue forever, the bad news is that a pop today will be much worse than if we had taken our medicine earlier on. I am having difficulty deciding what part of the market is most overvalued, You have incredible evaluations assigned to some of the pharmaceuticals, consumers, (coke etc) , banks, brokerage houses and internet stocks . I am looking to establish some put positions but am unsure as to whether I should look at leaps in individuals or some of the indexes. In my opinion, the rout for the touts will come from higher interest rates. If higher interest rates are what ends the bull, than what areas would you look at for establishing put positions currently? thanks

To: Knighty Tin who wrote (27822)	4/30/1998 12:46:00 PM
From: Mike M2	Read Replies (1) \| Respond to of 132070

Mike, well said you r RAZOR SHARP . A few more points US is the world's largest debtor and is very dependant on foreigners for our low savings rate (record low ho ho ho) Japan is the largest creditor and perhaps has the largest portfolio of questionable and non performing loans. excess money growth, record trade deficits, a weakening economy all spell tough love fer de buck (US $) Eventually, foreigners will get tired of financing our consumption binge. Mike

To: Knighty Tin who wrote (27822)	4/30/1998 12:54:00 PM
From: MythMan	Read Replies (3) \| Respond to of 132070

Mike, My post served its purpose...to stimulate discussion and to bust Mike da bear Magner's chops <g>. Your points are all valid except for real estate imho. With the exception on Silly Valley, where else is real estate out of control? Not here in metro NYC it isn't. Strong yes, out of whack, no. Pete ps I'll take that trip to Vienna, you buying? <g>