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Strategies & Market Trends : Roger's 1997 Short Picks -- Ignore unavailable to you. Want to Upgrade?


To: Bonnie Bear who wrote (6803)11/11/1997 3:18:00 PM
From: Pancho Villa  Read Replies (2) | Respond to of 9285
 
BB: just from the PE (30+) it looks like it has a way to go (in the down direction I mean!

Pancho

Will look at it more carefully and get back to you. Any other shorts you have?

You know, one thought crossed my mind like a flash! The market is anticipating lower mutual funds sales. This is why these guys are dropping. If the market is rigth on this, this ,ay be a leading indicator the market may tank big! IMO, what is/was holding this market is demand for equities as opposed to valuations