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

To: steve susko who wrote (33943)	10/15/1998 10:10:00 AM
From: Knighty Tin	Respond to of 132070

Steve, this year doesn't have much left in it, and I'm not a short term swami. My guess is that we hold 7400 until after Xmas, then take the long, grinding plunge to 4600 and below. Overvaluation and lousy eps are combining with a return of goods inflation caused by Alan G's credit stupidity. Asset inflation has been with us a long time. Don't worry about excess money. That tends to go away. I've heard that Long Term Capital is no longer buying and that Merrill Lynch is holding nothing for their own account. <G> MB MB