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

To: Peter Goss who wrote (53936)	3/30/1999 11:48:00 AM
From: John Koligman	Read Replies (1) \| Respond to of 132070

It also looks as if AOL will catch IBM in market cap any day now. If the stock closes at the level it is trading at now, it will have added around 27 billion in market cap over the past two days. Hey, that means, no matter what Mike Burke says, IBM must be a value stock!!! <gggg> Regards, John

To: Peter Goss who wrote (53936)	3/30/1999 12:19:00 PM
From: S. maltophilia	Respond to of 132070

Closer to $600. If everyone in the U.S., including small children and my 85 year old neighbor, paid them for an online sub, there'd still be change left over.

To: Peter Goss who wrote (53936)	3/30/1999 12:40:00 PM
From: Earlie	Read Replies (4) \| Respond to of 132070

Peter: A.G. is in a terrifying box in my opinion. He knows he's got a stock market bubble and he hates the $#%@# thing, but he is stuck with it, because if it lets go, the wealth effect evaporates, consumers put mattresses against doors, and the economy tanks. The box is also taped shut at both ends. He can't afford the risk of damaging the foreign flow of funds, so interest rates can't be reduced much now. On the other hand, plowing dough into the banking system is just providing more liquidity with which the balloon is further inflated. I don't know what he can do now. In a way, it may not matter, as much of the money printing game is out of his control in any event. If he is to try to do anything, it would make sense to attempt to dampen the market. Not easy to do, without pricking the balloon. Best, Earlie