Roger's 1998 Short Picks Message Board

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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Mama Bear who wrote (13822)	9/17/1998 11:49:00 AM
From: craig crawford	Read Replies (1) of 18691

Actually if the market rallied (or rallies) 500 points I was going to use the excuse that I specified a huge decline in October, but I didn't say which October! Hehehehe... Maybe it will be October 1999. The market will be facing a lot of worries by then. The press will be counting down the days till the Y2K crisis every night on the news. It will be the 70th anniversary of the 1929 crash, so there will be a lot of hoopla about that. Of course if the world is going to end due to the Y2K crisis and some fear about the repeat of the 70th anniversary of the crash, it will certainly fall before October. People won't wait until the last minute. If the market is still healthy by the end of 1999 I will go long! Means that the Y2K will be a non-event. Also, I hear that if there are going to be serious problems due to the Y2K problem, they should surface before Jan 1, 2000, due to the nature of fiscal years, which run ahead of the calendar year. I hear the government's fiscal year 2000 starts in Sep '99 or something like that.

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