Roger's 1998 Short Picks Message Board

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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Pancho Villa who wrote (8566)	5/8/1998 8:23:00 AM
From: Joey Two-Cents	Read Replies (1) of 18691

<IMO corrections do not happen in the presence of so much warning, perhaps we will drift down slowly.> Pancho I tend to agree. However our views here at the Shorts, Kahuna and Gold threads are the minority opinion. Most people (including fund managers) are inexperienced and clueless. The money managers really don't care if a stocks PE is 10 or 1,000 as long as they're fully invested in the new "hot" stock. They've traded todays "tulipmania" valuations for optimistic rosey down the road scenarios. People don't care, they've been lulled into optimistic complacency. I'm still looking for late 3rd Q early 4th Q for the unwinding.

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