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

To: Freedom Fighter who wrote (60020)	5/20/1999 9:53:00 PM
From: Fred B.	Read Replies (4) \| Respond to of 132070

Wayne, Finally , a bear who brings up some valid points without name-calling. I disagree, for the reasons that I have mentioned ,that this bull market is unsustainable in the near future. Although I believe that its speed and violence is unsustainable. Actually, this is one bull that is hoping for a meaningful correction, which , at the very least, would occur in the techs in its traditional summer sluggishness. The reasons that I forecast a continuing bull market for the near and mid-term future are the poweful combination of the "super-tanker economy" (sorry, I know you guys don't like quotes from abbey,but couldn't resist!!) and super-tanker liquidity in the markets due to demographics that I explained in my previous posts. I am well aware that many bears make money in this market. There are many shorters that I respect and follow. One of them is Manuel Assensio. He goes after real scams not "IBM as a scam" and makes good money at it. But, as I am sure Michael will tell you, When you are dealing with large sums of money, you simply can not have returns comparable to your peers, if you are wrong on your general market call. That is a fact that can not be denied. The returns for many of these managed portfolios is public information. Just compare the returns from the recommendations of the guru of this thread and Joey on the CNBC bull vs. bear debate in October 1998. Basically, it boiled down to buying or shorting CSCO, WCOM, MSFT, etc.(BTW, remember the DOW 5000 call by the end of 1998??). No disrespect intended, but I just find it a little silly for the guy with the negative return to call the guy with more than %80 return "brainless". Also, it is a fallacy to believe that none of these bulls will be able to make money in a bear market. Most professional portfolios are hedged and protected with futures just in the event of a sharp downturn. I know you guys like to call the bulls "ignorant", "brainless", etc.(which I think is mostly out of frustration), but there is more to this business than just buying stocks and yelling hooray. Many of these guys can switch sides just as quickly as the market Now, will abey and Joey etc., be right forever?? Of course not. This bull market will eventually run its course just like any other. The question is when?? Some will be astute enough to change sides on time and some will not. Meanwhile, they are due their credit as long as they are right as compared to those who have been wrong for years now. Regards Fred

To: Freedom Fighter who wrote (60020)	5/20/1999 10:11:00 PM
From: sammaster	Read Replies (2) \| Respond to of 132070

wayne crimi, michael burke and all i understand that there are a lot of dollars around which will cause inflation and drop in dollar if confidence in dollar erodes.. BUT... what happens if people scared of y2k flock to the US since the US is the country that has spent the most on remediation and will be the most likely to weather the event the best... in this case there will be a massive demand by foreigners for US dollars and US market later this year which may cause the true bubble top... your thoughts? samir samir