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

To: Leo Francis who wrote (33203)	10/2/1998 11:00:00 AM
From: Knighty Tin	Read Replies (2) \| Respond to of 132070

Leo, I think Netscape may be a trading play, but I wouldn't hang out there for long. JPM is in deep kimshee, and they are the smartest of the banks. ConAgra is fine. It should also be defensive. <G> Basically, the market was 50% overvalued and is now only 40% overvalued. Of course, it didn't stop at fair value on the way up, so we have no assurance on the way down. I don't hear any doom and gloom. Just lots of talk about the bottom and rebounds and how the market always goes up after the Fed swamps the oversaturated credit arena with more credit. MB