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

To: Mike M2 who wrote (45111)	1/31/1999 11:35:00 AM
From: Lucretius	Respond to of 132070

ho ho ho, does it get any better than this? pass the EBAY (G) <<<Analysts remain concerned about whether this golden era can continue, but Morgan Stanley's Byron Wien seems relaxed. "Stocks are rising because America is the pre-eminent economic and political system in the world and is the primary motivator in technology, which is the engine of growth. There are no major wars going on and no recession in sight. The budget is balanced and inflation and interest rates are relatively low. "All of these factors are favourable for equities, but the most important is the rapid expansion of money supply and the easing posture of the Federal Reserve. Stocks usually do well with this kind of liquidity background." >>> afr.com.au