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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Victor Lazlo who wrote (17756)3/18/1999 10:40:00 PM
From: Oeconomicus  Read Replies (1) of 18691
 
In other words, there are the same number of shares available to be bought or sold as there were 2.5 years ago.
Howver, there is lots more money chasing these same number of shares. This is simple arithametic.
[sic]

Victor, ya' know what else is simple arithmetic? In a real bear market, with share prices retreating a bit over 40% on the NYSE or only 20-25% on the Russell 2000 (to get to their respective levels of 2.5 years ago), there'd be the same amount of money chasing the same number of shares as there were 2.5 years ago. Think about it.
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