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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: Hank who wrote (4010)	3/4/1998 4:24:00 PM
From: Market Tracker	Respond to of 18691

INTC 1st Q Warning - sales to be down 10% sequentially from 4th quarter. Just aired on CNBC. MT

To: Hank who wrote (4010)	3/4/1998 4:28:00 PM
From: Oeconomicus	Respond to of 18691

What's going on? People on CNBC are actually talking about earnings. Don't they know that fundamentals don't matter any more? Intel Warns! First Call cuts S&P earnings growth to 3.5%, semiconductors to -13% for the Q! Bond yields hang out over 6% with a market PE of 26! Don't these people know it's a momentum driven bull market and nothing can stop it? Valuations be damned - full speed ahead! Bob