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To: accountclosed who wrote (32619)	4/13/1999 10:57:00 AM
From: Mike M2	Read Replies (2) \| Respond to of 86076

AR, no puts yet. I have come to respect the power of this mania - I know it will end in disaster and feel it will top soon but I'm standing aside for the moment. Intel is tempting but whatever the results I expect spin to be effective. I think Earlie makes an excellent bear case for Intel but Wall St and the fund industry don't want the party to end so they will put on their beer goggles -g- no matter what they report. I know there are limits to this madness . In Q4 corporate stock buybacks accelerated and credit exploded at unsustainable rates. Mike