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

To: Dushyant Narayen who wrote (46154)	2/8/1999 10:39:00 PM
From: Knighty Tin	Respond to of 132070

DN, I think Kurlak went from bullish to realistic on the techs, while I have always been realistic. <G> I am not going bullish just so everyone else can coin the jack on the collapse. This has been a market created by excess credit and that money ended up in assets, since there is no productive capacity to be added. For whatever reason, the lemmings like techs no matter what their price of their outlook. However, all of this euphoria is based upon the concept that the cos. are really doing well when they are doing horribly. And we have seen one after another fail to match reality to hype and fall by the wayside. They will all crash eventually and, in the meantime, we just make money on the mega crashes of a few of them. Seriously, AG has his hands tied now with a weaker dollar and higher bond rates. That means he cannot continue to print money at a frantic pace without hurting those two markets even more. And, without printing money recklessly, the consumer is dead meat and the market with it. And the techs are the most overpriced. MB