Roger's 1998 Short Picks Message Board

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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Joey Two-Cents who wrote (13493)	9/5/1998 10:35:00 AM
From: stsimon	Read Replies (2) of 18691

Any rise in the price of gold will be a dead cat bounce. We are on the cusp of a potential downward spiral in world economies. The recent rallies in gold and oil are likely, IMHO, to be short. Once the speculative mania in the Internet stocks breaks there will be no place to hide, except treasuries. I've average 58% a year for the last ten years, having made a small fortune in Intel warrants alone, but that game is over. The long suffering bears are going to have their day in the sun. Greenspan may trigger a brief rally with a rate cut, but I suspect it will be too little, too late. Nevertheless, one should give Greenspan and Rubin some respect for keeping this expansion going for so long.

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