Roger's 1997 Short Picks Message Board

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Strategies & Market Trends : Roger's 1997 Short Picks

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To: McNabb Brothers who wrote (7156)	11/18/1997 6:28:00 PM
From: ItsAllCyclical	Read Replies (1) of 9285

I don't consider a 20% drop a bear market. 1987 was not a bear market it was a correction (IMO). I think a bear market has to last for more than 1 year to really scare people. With the bond rate and inflation rate tame I don't think we're going to see a full-fledged bear market anytime soon. I don't dispute we could have a 20%+ correction. However, I think it's more likely we'll be in a 7200-8500 trading range or enter yet another bull swing around Dec-Jan. Take your profits in either direction... I'm heavy short and long at this point. I think YHOO and LCOS are shaping into excellent shorts while I think most of the oil-drilling stocks are oversold. Jim

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