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

To: MythMan who wrote (35266)	11/4/1998 6:37:00 PM
From: Broken_Clock	Read Replies (3) \| Respond to of 132070

Mythman...what does the following imply for the market? NYSE specialists are now short the market more than at any time since the 1987 crash. I read that comment today. Secondly, do you know where this information can be confirmed or denied? it seems to me that this current rally has stalled. T has already rolled over and is headed down. IBM has made now upward headway in 4 days. They were the early leaders and are now either giving up ground or stalled.

To: MythMan who wrote (35266)	11/4/1998 11:36:00 PM
From: Mike M2	Read Replies (4) \| Respond to of 132070

MM, I think Hickey would say ho ho ho puts on sale! but only for professionals! ( I think he adds that caveat because it's other people's money-g-) I was e-mailed a Bernard Baruch quote " the mkt can only be broken by a break in the continuity of confidence" seems appropriate for todays mkts. There are economic limits to this insanity I'm just not sure where they are. what makes it especially difficult is this speculative orgy seems to have the blessing of the Fed and the plunge protection team. As Arik has often said it will end in tears. Mike