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 (8075)	12/10/1997 2:05:00 AM
From: Bill Wexler	Read Replies (4) of 9285

-South Korea is near panic. -HK and Japanese markets are sliding again. -Wages are creeping up and the strongest labor report in years was just released. -There is growing evidence of a slowdown in corporate profits while the S&P is now trading at its historic peak. -Bonds can't seem to break below the 6% level. -They're talking about counting cars in the parking lot and short-seller conspiracies on the Iomega thread. -I've got people on the Yahoo thread telling me that $3 billion is perfectly reasonable for Yahoo because it is now a "global media company" that will someday "compete with CBS and NBC". Never mind that the current P/E is over 1200. -Never have so many people been so obsessed with stocks and the stock market. Therefore I guess the market is going up, up, up!!!! You know what? I'm throwing my hands in the air and giving up. Tomorrow morning I'm buying every share of AOL, YHOO and CTXS that I can get my hands on.

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