Roger's 1998 Short Picks Message Board

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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Dale Baker who wrote (18064)	4/14/1999 1:11:00 AM
From: Druss	of 18691

Dale--I have had similar thoughts. The market is generating momentum by going up. It has a way of feeding itself. Normally these runs are restricted to a sector or individual stock. However I look at 1929 and other similar situations. The holes start appearing in the foundations of such markets, the holes are ignored or pointed out later but they are seen to have had a bearing when the crash comes. This market will crash sooner or later. The market is born up by the economy in the end. The current market is reflecting some rabid speculation by huge numbers of investors. They are driving it up, the economy will drive it down sooner or later if the bubble doesn't break from too much air in it. The economy isn't going to go up forever. All the Best Druss

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