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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Kip518 who wrote (5616)3/27/1998 9:27:00 AM
From: Joey Two-Cents   of 18691
 
In 87 you had mostly investors now you grandmothers, college students,
soccer moms who will be in for a rude awakening. Can't you picture some 50 year old soccer mom waving her 401K statement at a Senate hearing and telling the world how she lost most of her money in the market. "Nobody told me it can go down. How can I pay for my sons education?". Then we'll have 20/20 doing reports on money managers living in million dollar penthouses, eating filet mingon getting paid millions while the charge you 3% to manage your money. Everyone thinks it's all right to take 3% when the money manager make 20% on your money. But let the money manages take 3% when they're losing 20% and there'll be hell to pay.
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