Roger's 1998 Short Picks Message Board

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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Hank who wrote (4010)	3/4/1998 4:28:00 PM
From: Oeconomicus	of 18691

What's going on? People on CNBC are actually talking about earnings. Don't they know that fundamentals don't matter any more? Intel Warns! First Call cuts S&P earnings growth to 3.5%, semiconductors to -13% for the Q! Bond yields hang out over 6% with a market PE of 26! Don't these people know it's a momentum driven bull market and nothing can stop it? Valuations be damned - full speed ahead! Bob

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