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Strategies & Market Trends : Roger's 1998 Short Picks
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To: Joey Two-Cents who wrote (11932)7/23/1998 1:19:00 AM
From: Daniel Ray  Read Replies (1) of 18691
 
Hey . . . I don't want to spoil the doom and gloom, and certainly numerous markets are in cyclical decline, but . . .

When we think about the 'Asian Crisis' today, would we really want to trade it for the 'Asian Crisis' of an a recent, though bygone era, when the talk was of 'dominoes' and Western Europe and Japan were emerging markets?

When we see that Russia is in turmoil and needs a bailout from the IMF . . . would we really prefer to go back to the days of the cold war and Soviet ideology seducing millions in the third world?

Yeah, the world is a turbulent place, but I wouldn't want to go back in time even if I could. What we see throughout the world is as much the growing pains of powerful new economies as it is any kind of doomsday scenario.

I like to short stocks as much as the next person, but that the whole world is suddenly going to go poof so a few of us here can make money on OEX puts or whatever . . . I don't buy it.

Some of the emerging markets will get it together, some won't.

And I don't believe for a minute the Japanese will relinquish their status as economic superpower . . . it just ain't going to happen. Japan will get it together.

The world is getting smaller so we all see more of what's happening. Life is turbulent. So are markets.

But no risk = no reward.

Just an opinion.

Best wishes all
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