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

To: Mike M2 who wrote (53641)	3/27/1999 11:41:00 AM
From: Skeeter Bug	Read Replies (1) \| Respond to of 132070

mike, this boom has been REALLY sweet for many people. man, it has been GOOD for those folks with stock options. some CLERKS are MILLIONAIRES. the bust is going to be NASTY.

To: Mike M2 who wrote (53641)	3/27/1999 12:44:00 PM
From: Kerry Phineas	Read Replies (1) \| Respond to of 132070

Mike, re:"The bigger the boom the bigger the bust." Not necessarily, if only a few stocks participate in the boom these stocks could use their currency to somehow create value by buying undervalued stocks or private companies; look at Columbia HCA or Clear Channel Communications. (That doesn't seem to be the case with the current market.) If its an entire industry, like the internet, it definitely leads to a bust because the economics of most companies are dependent on easy money in so many ways.