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

To: J. P. who wrote (57221)	4/24/1999 12:46:00 PM
From: Mama Bear	Read Replies (5) \| Respond to of 132070

Dipsters were rewarded again for buying Monday. Every time this happens it causes more folks to become dipsters, and reinforces the resolve of those already so inclined. I believe it will take an exogenous event to cause any significant correction. It's just not going to happen unless folks run out of money, margin buying power, second and third mortgage loans, and credit card cash advances. Someone commented on the crowd at a Waterhouse office in a recent post. I was at my local branch earlier this week, and saw a fellow who looked like he'd stepped out of the 1960's depositing a check that I was sure was a credit card 'convenience' check. When he left he drove off in a beat up stake body pickup truck. Some folks might think we're getting to the end of the line of buyers. Of course I'm judging a book by it's cover, the fellow could be an eccentric multi millionaire. <g> Barb

To: J. P. who wrote (57221)	4/24/1999 3:03:00 PM
From: Peter Goss	Respond to of 132070

<<The guerilla war you have to fight on the short side is exhausting.>> Monday's selloff on the Nasdaq may have been a preview of coming attractions. String a few of those together, and it will clean up this mess in short order. >>>>> JP - I hope you are right, but the way everyone sees every dip as a "buying opportunity" that then guns everything higher than it was (the NASDAQ comp was 10% up trough to peak THIS WEEK) makes it hard to imagine what sort of dip will blow them out. The Pavlovian bulls have gotten so well conditioned that they scare me. Abbey Jo and Joe Bat ring the bell and the BTDers get drool all over their mouses. good trading, Peter