Roger's 1998 Short Picks Message Board

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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Gotham Guru who wrote (3394)	2/22/1998 12:29:00 AM
From: larry	Read Replies (1) of 18691

Instigator, The cover story of the new Barrons issue has said out lots of what I wanted to say. Actually the Barrons seems to be ruled by the likes of Fleckstein, Jim Rogers...etc...since the market crash last Oct. It's glad that they will put some noticeable bulls on the cover story. Call whatever you want to call Ms. Cohen, and yet her performance in this decade probably more than double or tripled those respected bears. Anyway, I do agree with her that the US economics is pretty upbeat, and it will be very hard for the S&P 500 to trade below PE 20 in the near future. Or can you name a billionaire who made fortunes in the short side? The last time I checked, I did not find any. On the contrary, most of them have warned against shorting a stock. And the more interesting thing is that during their heyday, the stock market was not even close to this bullish. BTW, I really don't see a severe bear market in the short term. Just as Ms. Cohen pointed out, every market correction was followed immediately by a new high in DOW. larry

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