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

To: Knighty Tin who wrote (34053)	10/16/1998 11:48:00 AM
From: bluejeans	Read Replies (1) \| Respond to of 132070

but I participate in the American economy Yes, I noticed thoroughbred racing returns soon.<G>

To: Knighty Tin who wrote (34053)	10/16/1998 12:01:00 PM
From: Tommaso	Read Replies (2) \| Respond to of 132070

Looking at the outflows from mutual funds (which can, of course, reverse at any time), I am inclined to see yesterday and today as short-covering and short-term speculation on a temporary rally. Indeed (though I haven't looked to check this out) the dollar should drop in such a way as to encourage foreign money to move elsewhere. Gold might finally get a nudge. Only two years ago it was nearly at $400. What would really trash the markets would be an agreement by oil producers to totally rescind the 10% output increase they authorized a couple of years ago. $25 a barrel crude (or higher) would pull a lot of money out of the United States, and fast.

To: Knighty Tin who wrote (34053)	10/16/1998 12:15:00 PM
From: Lucretius	Read Replies (1) \| Respond to of 132070

WOW, Al can make the mkt go up by prinitng money! do it again, Al.... do it again! (G) we can all be rich, why even work? We'll just print up dollar bills and hand them out to everyone so they can invest in the mkt! (G) this is indeed a sad day for America. I may have to leave the country. -Lucretius