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

To: Dale J. who wrote (52268)	3/16/1999 10:19:00 PM
From: Knighty Tin	Read Replies (1) \| Respond to of 132070

Dale, I don't know the Dripping Walrus, so I can't comment on them directly. I don't like retail at this point in the market because all the growth is coming from consumer debt. There will be a crunch some day. I sure don't know when and some of these cos. could make big money in the meantime, but I don't want to be there when it hits. I do know that Wet Seal is a specialty retailer of clothing and that is a trendy market. When the trend is with you, life is great. But when it turns, it is deadly. Many years ago I sold short (there were no puts) a company that made boots. The stock was real hot. But it ended up being one of my best positions that year. It has since come back strong, but I have been out since the recovery. These things go through vicious cycles and since we are obviously in a toppy upcycle right now, I am not a fan. Retail is bad, but it is worse to be in restaurant stocks when their popularity peaks. They all go down a lot unless they are McDonald's, and Mickey D even had an episode last year. MB