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Strategies & Market Trends : Roger's 1997 Short Picks

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To: space cadet who wrote (7660)12/1/1997 8:58:00 PM
From: Joss  Read Replies (1) of 9285
 
Hi Space,

I could give a number of reasons (macro economic and stock fundamental) why we should not do as you suggest. For example, with the world credit crunch that is upon us, I could point out that if in some insane fashion, we got to 10K, the crash would be much bloodier than 20%. But WDIK? My biggest fear, that gets reinforced daily is that the markets have left reality so far behind that they will not find it in my lifetime <grin>.

That is my big problem. I think I know what should happen...the markets just don't agree. Today was not a good day for me <understatment>, but if I don't think that the markets revert to a rational valuation....then I should not be here. I can gamble at any number of posh resorts...and have more fun.

Best Regards,

Steve
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