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


To: Pancho Villa who wrote (5850)4/1/1998 12:49:00 PM
From: craig crawford  Read Replies (1) | Respond to of 18691
 
The market is working itself into a mania. A blow off top. Small caps are starting to get out of control, especially internet stocks.

It could get crazy like in Apr/May 1996



To: Pancho Villa who wrote (5850)4/2/1998 12:22:00 AM
From: Investor-ex!  Read Replies (2) | Respond to of 18691
 
Pancho,

craig, I don't understand this market...

This might help, I found it very interesting.

stocksite.com

Especially interesting is the Robert Prechter summary of how the whole thing unfolds, as it sure sounds awfully familiar these days...

"Ultimately, however, the mania and the aftermath have everyone for lunch. First, the bears and the contrarians, then the prudent professionals relying on long-term studies and, finally, the speculators who fancy themselves clever investors and pour most of their funds into the market on its final run."

How far into the "speculators" are we? :o)