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

To: Franco Battista who wrote (4264)	3/6/1998 12:34:00 PM
From: Pancho Villa	Respond to of 18691

Franco: Funny you mentioned, I never tried to time the market before but within the last 2-3 weeks I also moved all my retirement stuff over to cash. Here in the US money market funds are yielding about 5.3% which makes me quite happy. I am also heavily short in my non-retirement portfolio. So far taking a beating but IMO better times will come sooner rather than later. I just occur to me that most money managers are trying to play momentum these are just powerful cowboys who think they can move markets. I suspect they are just trying to get good numbers for the first quarter. Are they going to sell at some point in late March? IMO is a matter of who will scream fire first. Pancho

To: Franco Battista who wrote (4264)	3/6/1998 12:43:00 PM
From: Pancho Villa	Respond to of 18691

YAHOO portfolio server is down! Even the computers are surprised! Pancho

To: Franco Battista who wrote (4264)	3/6/1998 4:48:00 PM
From: NYBellBoy	Respond to of 18691

Franco -I'm with you lots of cash parked. Took tax deferred annuity and transferred out of multiple strategy and 1/2 MM @ 4% and 1/2 investment grade corp. bond fund @ ~8.3%. This is my daughter's college fund under the old tax rules. If I die she gets good size insurance. The only problem is that I bought it aug 87 and lost big in that correction. I've ridden the bull all these years and now I want to stay on the sidelines. :) BellBoy

To: Franco Battista who wrote (4264)	3/6/1998 5:27:00 PM
From: Dr. Seuss	Respond to of 18691

You are right on, sir! I moved all my retirement $'s into money market at the end of January. My co-workers are giving me a hard time everyday saying, "your big crash must be right around the corner..." Yesterday, they were saying, "down 90 points? Are you ready to move your $'s back into the market now that the big crash is over?" The financial justification used for this mentality is about the same as those investing in pyramid scams. However, sooner or later someone eats it. They feel that because $$$'s continue to flow into retirement accounts (thus mutuals), the market can continue to rise without ever coming down. They are too young to remember a time when the market didn't return 20% or more per year. I will be ROTFLMAO when we see a 20-30% correction. It's only a matter of time in this insane market. 70% of my portfolio is short or protected. I can wait...... dr.seuss.com