SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Roger's 1998 Short Picks
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Pancho Villa who wrote (3344)2/20/1998 4:30:00 PM
From: Oeconomicus  Read Replies (1) of 18691
 
Anybody listen to the Deutche Morgan Grenfell chief strategist on CNBC just now? Mostly talked about Asia, Japan in particular, saying that the US markets have greatly underestimated the impact, that Japan is far from solving its own problems, that the Japanese Gov't was supporting their stock market this week to look stronger going into the G7 mtg. For the US stock market, more importantly, he was taking a classically defensive posture, predicting a half point cut from the Fed and long rates down near 5.0%, and suggesting a focus on defensive stocks like utilities and financials (due to declining rates), and health care (due to economic/Asia insensitivity). He stopped short of saying the "R" word, but he's certainly preparing his portfolio for a serious slowdown.

Just thought ya'll might find it interesting, especially coming from a Street strategist rather than one of us bears.

Bob
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News