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

To: Lucretius who wrote (39380)	12/14/1998 10:51:00 PM
From: Skeeter Bug	Respond to of 132070

>>what makes you think it will take that long? << lt, mike always says the big kahuna hits in 6 months. a rolling six months ;-) everything is a myth! except my nvls puts. come to daddy :-)

To: Lucretius who wrote (39380)	12/14/1998 10:59:00 PM
From: Knighty Tin	Respond to of 132070

LT, We may have another dip like last summer earlier, but I think it will take until summer to realize that nobody is making any money. After all, we just had one of the biggest quarters in history when we had negative growth of 3% in S&P 500 after tax earnings. I guarantee the average investor thinks the eps were up. So, it will take several crappy quarters before the herd starts to realize they are buying stocks in deep kimshee. Until then, a little 2000 point drop will probably bring the buyers back in again. MB