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

To: Knighty Tin who wrote (41424)	12/30/1998 9:17:00 AM
From: Tommaso	Read Replies (1) \| Respond to of 132070

After reading the Wall Street Journal piece this morning and looking at the table, I am eyeing a 2001 Yahoo put at 180,which is about two/thirds the current price. The Journal is calling this the greatest mania ever known in stocks--at least American stocks--pointing out that Polaroid only hit a P/E of 95 back in 1972. Generally. the WSJ has been acting as a cheering section for the bull. There must have been an endless series of short squeezes to get these prices up this high--with maybe people covering shorts towards year's end so as at least to get the tax deduction. What do you think of that explanation?