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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Roger A. Babb who wrote (10036)6/15/1998 4:13:00 PM
From: Joey Two-Cents  Read Replies (1) of 18691
 
Roger, who needs news? With these buying opportunities who needs quotes or any information. It's all irrelevant anyway. Interesting stories I heard this weekend, 47% of NASDAQ stocks down for the year, REIT market is in major slump (Barrons), Beanie babies are crashing.

It seems like a wave of buying at the end of the day trims the losses on the Dow. This was especially true this past Friday. This acts as a sedative for Mr & Mrs. Mutual Fund who think their funds performance mirrors the Dow's performance.
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