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


To: drsvelte who wrote (6696)4/10/1998 10:04:00 AM
From: Joey Two-Cents  Respond to of 18691
 
I saw those #'s, very interesting. As Pancho posted earlier, if earnings coming if better than expected and a last surge of IRA/401K money being invested we may see another 300 - 400 points in the next couple of weeks.



To: drsvelte who wrote (6696)4/10/1998 10:46:00 AM
From: Pancho Villa  Respond to of 18691
 
It may be dangerous to trust conclusions derived from such data but IMO funds into equities slowed down in the first two weeks of April. Will this trend continue? Well if it were up to the people at Roger's the flow into equities would be negative:-)

IMO the market is now an extremely dangerous playing field, long and short, but as I just read somewhere it may take big news to shake this market. On the other hand, if everyone knew the market was gonna tank next week it would have done so last week. How long will it take for normal valuations to return? I don't know. I do want to go back into equities and get my long term 10-12% average return but if things get too carried away; once when we wake the day after the party, the hangover may be so bad that the market may be stuck at a level well under the current level for a very long time.

This is very concerning as everyone, including uncle Sam, is counting on the high returns. We may get an incredibly long hangover...

Pancho