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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Pancho Villa who wrote (5009)3/16/1998 9:17:00 AM
From: Bob Trocchi  Read Replies (2) of 18691
 
Pancho.

>>Will this help the dow hit 10000 Monday?<<

Let's see, isn't there a common phrase that "Bull markets Climb the wall of Worry." So we have enough worry yet?

We have:

1. Clinton's problems
2. Asian Problems
3. Major Tech Companies issuing warnings: INTL, MOT, CPQ, etc.
4. Buffet's Report to Stock holders issuing caution
5. The Greenspan Model (published in Barrons) saying that the market is Too HIGH
6. The NAZ up 21% since Jan 16
7. Job market getting tighter and tighter

Seems to me the "Worry Wall" is getting higher and higher. Can the bull continue to climb over it? Logic say NO. But, it seems that logic is not working at least to those who keep predicting a drop. I know that I have not been successful in predicting!

Bob T.
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