Roger's 1998 Short Picks Message Board

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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Mike M who wrote (8868)	5/17/1998 1:39:00 PM
From: vegetarian	Read Replies (3) of 18691

>> You must be short and anxious...what does India detonating 5 nuclear bombs have to do with the US stock market? Nothing! While I agree that the market is high and dependent on continued good earnings, low inflation & low interest rates, until those underpinnings give way the market is not vulnerable to 50% drops... Having said that, I do believe we are going to see a correction....I am doubtful it will happen until we see the DOW strike new highs with no confirmation from the broader indexes....coming soon!<< So what does a stock market correction have to do with Dow hitting a new high? seems to me like a less of a correlation than the one with India's nuclear tests....

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