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


To: Franco Battista who wrote (5625)3/27/1998 10:00:00 AM
From: the Druid  Read Replies (4) | Respond to of 18691
 
Are you suggesting that there are people who
borrow money from banks to invest in the
mutual funds? If true, I do not know what
to say.



To: Franco Battista who wrote (5625)3/27/1998 10:08:00 AM
From: Pancho Villa  Read Replies (2) | Respond to of 18691
 
Yes this is incredible! Tulip mania starting or ending?

Pancho



To: Franco Battista who wrote (5625)3/27/1998 12:49:00 PM
From: Peter V  Read Replies (1) | Respond to of 18691
 
When everybody thinks they should invest in the market, and you start getting stock tips from the shoe-shine man, the market is nearing its top. Look out below!



To: Franco Battista who wrote (5625)3/27/1998 4:11:00 PM
From: Ashikin Wan-Noor  Respond to of 18691
 
Franco,

When I was back in malaysia in '94, it was similar. The yuppies/professional white collar folks were borrowing from the banks or their employers to invest in the stock market and bids for IPOs.

Money was so cheap; the govt was encouraging people to buy expensive cars (Honda Accord was selling at R$200,000 or something like that (US100K then??)), people were filling up their houses with gadgets. Consumables must be name brands or designer labels. All appeared to be on credit. Seemed there was no end in mindless spending.