Roger's 1998 Short Picks Message Board

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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Investor-ex! who wrote (5895)	4/2/1998 12:34:00 AM
From: CalculatedRisk	Read Replies (2) of 18691

On CNN last night, an analyst commented that this was the best first quarter since '87 ... the next analyst (without missing a beat) said that "How the first quarter goes is how the year goes"! Huh?! ... maybe he was too young to remember '87. Everyone be careful ... this is a classic blowoff (S&P500 PE is above 28 and earnings are weak). But the market probably will not just fall off a cliff. We should see it coming. I keep telling myself to be patient (Patience is the mother of profits!) Best Regards, Bill

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