Roger's 1998 Short Picks Message Board

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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Bob Trocchi who wrote (16596)	1/6/1999 4:37:00 PM
From: BelowTheCrowd	of 18691

Bob, IRA contributions are hitting right now, and will continue to hit for a couple of weeks. (I just sent in my check today.) I don't think we'll see it stop going until late in the month, maybe into February. The resolution of the Clinton thing could also help. So could the newly reinvigorated Republican party (I'm betting on a Bush-Dole ticket in 2000). I don't like the Naz as an indicator of anything other than the big cap techs. It's so heavily weighted that it is mostly reflective of MSFT, INTC, CSCO, DELL, ORCL and WCOM, not much else. The Dow is largely irrelevant to me for investment purposes. Reflects too many businesses I know very little about, and it's too highly focused on megacap, long-established firms. I like the plain old SPX. Tend to hedge the market with SPY or SPX puts and calls. Incidentally, after today's action I think we'll see a slight pullback followed by a surge through 10K sometime next week or the week after. Probably not sustainable in the short term but important psychologically. mg

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