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

To: gbh who wrote (43206)	1/13/1999 1:37:00 PM
From: yard_man	Respond to of 132070

Playing the BK is a fools game -- there are many issues in the computer and tech sector which are inflated beyond any reasonable expectations even for this market. take the semi-equip companies for example: INTC reported it was reducing cap expenditures in 99 by 1 Bill or 25% over last year, is the reputed upturn that capital equipment makers are supposed to see this year? MU is on life support from other chip makers and has canned one factory --- I'm a firm believer that a BK is coming. Much worse than the little hiccup we had in Sept/Oct. That was nothing. Is this competely unrealistic? Think about the move in stock prices in the last 3 years, they are nothing short of parabolic and the last year or year and a half have seen declining earnings -- analysts always overestimating them then adjusting just in time for the companies to report. I think the public at large doesn't even have a clue, but they will. Do you realize that INTC's profits shrank by a full 13% from 97 to 98? As there has been a reinforcing parabolic move up in the markets why would you expect a real stumble to be any different?

To: gbh who wrote (43206)	1/13/1999 3:45:00 PM
From: Earlie	Read Replies (1) \| Respond to of 132070

Gary: Bears have become an endangered species in this market, and are as welcome as the black plague on many "enthusiastic" threads. When a well-hidden ursine den is found, it becomes popular for the sake of survival. (g). Welcome to a thread that has a few bears and worry warts on hand. The good news is that it is a very civil place with excellent humour to boot. Best, Earlie