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

To: valueminded who wrote (49047)	2/26/1999 11:30:00 AM
From: Earlie	Read Replies (3) \| Respond to of 132070

Chris: I totally agree with your thoughts on the strength of the dip-flips and the e-bananas. These people are Pavlovian in their responses. It may be a while before the market "de-conditions" them through heavy losses. (g) I have a slightly different slant on the bond picture, although it is not a strongly held view and I am looking for thoughts from all. I suspect that Greenspan is deep in the corner. Above all else, he has to keep the foreign money pouring in. To me, this means that he has to nurse a limping dollar, and can ill afford any moves that put additional pressure on it. He also has an antsy bond pit to deal with. There is no question that the widening spreads have everybody on edge and inclined to sell and ask questions later. I doubt that he could unlock the trading so quickly if the pits freeze up again. Views appreciated. Best, Earlie