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Strategies & Market Trends : Roger's 1998 Short Picks

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To: poodle who wrote (6783)4/12/1998 4:42:00 AM
From: Investor-ex!  Read Replies (2) of 18691
 
poodle,

at the end of 1997 majority of respondents believed that DJIA should be 10,000 in 1998 (Bus. Week, if my memory is correct). And it should be. You are not against Democracy, I hope?

I hope you're kidding.

It is exactly because the shorts are such strong advocates for both democracy and capitalism that the current bubbleland we are living in is cause for such concern. This bubble could leave a damaging aftermath that can last decades. Look at Japan.

The shorts hate to see what they consider "excesses". Excesses, carried far enough, have consequences. These consequences will NOT cast either democracy or capitalism in a very favourable light. One could easily imagine that certain citizens of certain Asian economies may already have had their fill of both. Socialism (including National Socialism) made great inroads, worldwide, during the global depression of the 1930's.

It is through their actions that the shorts attempt to bring these excesses under control and hopefully be rewarded for the huge risks they assume in doing so. Unfortunately, their valiant efforts have little effect these days.
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