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Strategies & Market Trends : Roger's 1998 Short Picks
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To: Joey Two-Cents who wrote (7225)4/18/1998 9:07:00 PM
From: Investor-ex!  Read Replies (1) of 18691
 
JTC,

Here's an article from gold-eagle that agrees that the banks are a disaster-in-the-making:

gold-eagle.com

The author suggests, "Sell some of your Microsoft shares and put the proceeds into certificates of deposit, non-numismatic gold coins". And another idea I hadn't previously considered but find very appealing, "I'd recommend the occasional purchase of put options on the Philadelphia bank stock index. Unlike the high tech sector, which makes and sells actual things, the banking business is virtually all smoke and mirrors. When the world awakens to the fact that their main business is crapshooting with derivatives, banking shares will fall with stunning speed".

Now that's a bear! :o)
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