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Strategies & Market Trends : Roger's 1998 Short Picks
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To: Mama Bear who wrote (16695)1/7/1999 6:14:00 PM
From: jaall  Read Replies (1) of 18691
 
Thanks Barb,

A quick read leaves me a little light headed, but the phrase "virtual cartel" comes to mind. This is legal, almost coincidental, price inflation. It does not appear to be particularly dependent on "new money", but rather on the steadfast faith of the longs that anything is possible. I guess it will last until too many of the owners have so much profit that they want to conserve it. My hat is off to those who manage to have some of that new wealth in their pocket after the bubble pops. For the others, I hope they can say "Easy come, easy go."

For anybody who manages to find an uptick to short it on the way down, I say congratulations! I tried to guess the top and lost a little. Oh well, easy come, easy go.

John
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