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Strategies & Market Trends : Roger's 1998 Short Picks
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To: Joey Two-Cents who wrote (6892)4/13/1998 10:39:00 PM
From: Pancho Villa  Read Replies (3) of 18691
 
JTC: The trend is there. The Asian crisis will hit. The thing is that continuous involvement with the market, (SI/qoute checking several times a day - at least in my case), make a few weeks/couple of months seem an eternity. IMO the right approach is to give it time, to leave it alone for a while. Knowing that market forecating is just guessing, I venture to say that the market should not be taking off again the way it did in Feb/March.

Now we are at a point were people acknowledge the marlet is overpriced, that we are playing a "greater fool" game. Now, the rationale for "business as usual" is that the market is not as overprice as in Japan. Perhaps that is what we all want, a US market as screw up as Japan so that eventually things turn out as bad as there.

As Mr. Buffet said in his letter to stockholders. If you frequently eat burgers, do you cheer up when the price of berguers goes up?

Pancho

Pancho
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