Roger's 1997 Short Picks Message Board

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Strategies & Market Trends : Roger's 1997 Short Picks

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To: Roger A. Babb who wrote (5141)	9/4/1997 7:26:00 PM
From: CalculatedRisk	of 9285

Roger, not wishing to seem like a perma-bear, I have refrained from commenting. But since you asked: Anyone here old enough to remember a bear market rally - like Monday? The bottom line: Valuations are still too high, earnings are looking soft this quarter, investor sentiment is once again ridiculous (just like July) ... only a bond rally could push this market higher. It is difficult to get a sustained bear market without rising interest rates - but a 15% to 20% total correction still appears likely. Regards, Bill

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