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

To: Pancho Villa who wrote (4348)	3/7/1998 9:16:00 AM
From: Pancho Villa	Respond to of 18691

Once more the market seems to be overpriced. How long can it go..... interactive.wsj.com Monday, March 9, 1998 At Proxy Time, Shareholders Mull Global Warming, Drugs Wrathful Retirees Edited By Andy Zipser .... Cognitive Dissonance If any proof were needed that stock prices are no longer connected to stock fundamentals, last week should have done the trick. Like the Titanic's bulkheads, breached in rapid and ultimately fatal succession, the country's largest high-tech stalwarts warned one after another of soft sales, shrinking margins and eroding profits: Intel on Wednesday, Motorola on Thursday, Compaq on Friday. Some significant non-tech companies looked vulnerable, too, including Walt Disney, and automakers reported weaker sales. But despite a momentary hiccup-aided by rumors that Alan Greenspan had been felled by a heart attack-the stock market continued its giddy ascent, boosted in part by a series of robust economic reports: unemployment ticked down to 4.6%, the purchasing managers' index ticked up and factory orders rebounded 0.5% in January after a 2.6% drop in December. Asian Malaise Deepens Treasury Secretary Robert Rubin sounded like he was whistling past the graveyard Friday, as he announced that the worst of the Asian troubles are behind us. Indeed, South Korean stocks plunged 6.5% in one day on market jitters, Indonesia lurched toward martial law with the granting of broad -- but unspecified -- emergency powers to President Suharto, and Moody's lowered the ratings of six Singapore banks to negative from stable. One contrarian sign, though: George Soros is on the prowl for bargains in Thailand. ....

To: Pancho Villa who wrote (4348)	3/7/1998 9:21:00 AM
From: Pancho Villa	Read Replies (2) \| Respond to of 18691

More on y2k. Mention of you won't belive it! ZMAX. I am glad I covered. This goes to prove journalists not always know whom they are talking to. interactive.wsj.com Monday, March 9, 1998 Industry Bigwigs Ask Lawmakers for a Year 2000 Liability Cap, but They Get a Chilly Reception -- for Now By Jim McTague Corporations with big exposure to the so-called Millennium Bug are asking Congress for protection from lawsuits, and why not? Lawmakers are in high dudgeon over ambulance-chasing lawyers. ..... As for the private sector, one is forced to rely largely on anecdotal information. Michael Higgins, president and chief executive officer of Zmax Corp., a Year 2000 solutions company located in Germantown, Maryland -- about 45 minutes from the White House -- says the deep-pocketed financial industry is farthest out in front of the problem by a wide measure because it has been pushed by both its regulators and its trade associations. "Then you have manufacturing doing pretty good, doing a lot of replacement instead of fixing," says Higgins, a West Point grad who founded his company in 1996. He says utilities and state governments also are aggressively attacking the problem. ...... Pancho