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

To: Mike M2 who wrote (35286)	11/5/1998 12:11:00 AM
From: kahunabear	Read Replies (1) \| Respond to of 132070

Mike, I remember buying put warrants on the Japanese market when it was in the mid 20ks and making some good bucks when it fell. I got out and didn't pay much attention to that market for a while. I remember being shocked when I later saw that it had risen to around 40k. I guess I got lucky, though I think it was way overvalued the whole time. It is amazing the way these manias can go on and on. I agree completely with the confidence comment. I thought it was broken, but who knows now. WS

To: Mike M2 who wrote (35286)	11/5/1998 3:26:00 AM
From: PaperChase	Respond to of 132070

>>As Arik has often said it will end in tears<< Mike, stop this silliness. The ones crying are the ones who sold at Nasdaq 1500. The reality is the market won't collapse when you have a stooge for the Fed Chairman. The lesson has always been buy the dips and sell the manic tops (like now). Granted, the tough part is to characterize a dip and a manic top. There is nothing that will change this going forward except maybe the replacement of AG. The market had it's chance to not only "end" badly but also to even out without much change. The exact opposite has occurred. So what will kill the manic bubble in the forseeable future? Absolutely nothing!