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Strategies & Market Trends : Roger's 1998 Short Picks

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To: hasbeen101 who wrote (4807)3/11/1998 9:44:00 PM
From: Pancho Villa  Read Replies (1) of 18691
 
>from the Australian standpoint, so the US market can easily be compared with Europe Japan and SE Asia. Like I said, the choice between cronyism and and corruption (SE Asia and Japan) welfare state (Europe) and world-beating technology domination with a free and transparent market (USA) is a pretty easy choice for me. That's why I think that the overvaluation may not go away in a hurry. The USA is the only game in town.<

yes, I have mentioned here that substantial foreign buying is going on (only heard about it on CNBC today). They are usually late to the party (just my opinion).

>I was actually more impressed with Lynch's One up On Wall Street He says a few crazy things, but I like his strong theme that even if your short-term timing is bad, equities are a very good long-term wealth builder.<

I found Lynch's book intersting but in certain ways misleading and trivial. reading financial statements ain't as easy as he makes it seem. You may learn but it takes pain and practice. He makes it seem like you can master financial accounting in a few easy lessons. he should warn people about this.

pancho
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