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

To: Joseph G. who wrote (29731)	7/21/1998 10:46:00 AM
From: Earlie	Respond to of 132070

Joseph: Excellent post. I missed it in all the recent travel. I get an opportunity to talk to a good cross-section of fund managers and as you are well aware, most feel "locked in" (fired if not fully exposed). The older types can't sleep nights, but stay the course through indexing. The younger guys haven't seen anything else so all is aok in their world. So long as the money trucks back up to the doors each morning, this travesty will continue. I agree that this Fall could do it. I'll key on the Japanese interest rates as an early indicator. They have to sort out after the election, so I don't expect anything for a bit yet. I thought the falling earnings would pull this air plant down, but the market simply doesn't want to hear bad news,.....yet. Time will do its thing. Best, Earlie