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

To: Investor-ex! who wrote (5895)4/2/1998 12:34:00 AM
From: CalculatedRisk  Read Replies (2) | Respond to of 18691
 
On CNN last night, an analyst commented that this was the best first quarter since '87 ... the next analyst (without missing a beat) said that "How the first quarter goes is how the year goes"! Huh?! ... maybe he was too young to remember '87.

Everyone be careful ... this is a classic blowoff (S&P500 PE is above 28 and earnings are weak). But the market probably will not just fall off a cliff. We should see it coming. I keep telling myself to be patient (Patience is the mother of profits!)

Best Regards, Bill



To: Investor-ex! who wrote (5895)4/2/1998 7:46:00 AM
From: Pancho Villa  Respond to of 18691
 
Manias: Message 3928245

Gracias amigo. I think there is a good chance we may just be starting the bear capitulation phase, instead of being at the end of it. Hope I am wrong as I am 120% short this days!

Pancho


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