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Strategies & Market Trends : Roger's 1998 Short Picks
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To: Joey Two-Cents who wrote (13036)8/21/1998 1:05:00 PM
From: space cadet  Read Replies (1) of 18691
 
I just turned on my computer (yet another late start) and everything looks down big. I agree with your analysis Joey. The US will be the last to topple and the msft csco lu and then lastly dell will be the last to fall in the US market (at least among the hi-techs). Also, the obvious time for the market to crash would be the monday or tuesday after options expiration. This is what happened in 1987. So there is a chance of a collapse on monday if the market right now is being propped up by options expiration. (Incidentally I have met several people who would have made a fortune if the 1987 crash had happened the previous Friday when their options were still alive: Don't let that happen to anyone on this thread!) My timetable still expects the biggest crash to happen later, with the monday after expiration being Sep 21 or Oct 19. But everything looks weaker than I expected and the crash may very well come sooner than I expect. By the way, I wouldn't make fun of Greenspan. I think he may be the smartest and best central banker the world has ever known. Whatever happens in the crash it would have been much much worse if it was some Clinton gender correct race correct nanny correct appointee instead. Also where is everybody on this thread? On vacation? Let's hear some suggestions for some stocks that still haven't gone down a lot and still look like good shorting candidates.
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