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

To: Tom Hua who wrote (8863)	5/16/1998 7:24:00 PM
From: Kailash	Read Replies (1) \| Respond to of 18691

Hi Tom - I was saying this tongue in cheek - I don't think an MS lawsuit in itself would worry the markets that much. However, we might still get a big drop, for a number of reasons. Think of the economy as someone climbing a ladder and extending the ladder as he climbs. The higher he gets, the more jittery he feels - and so he should, since the cost of falling keeps increasing. His foundations are starting to look shaky. India detonates five atomic bombs, foreign companies flee Indonesia as the cities burn and the army kills, the 30% of US exports that go to Asia are in peril and companies report lower profits. The guy on the ladder isn't falling, he keeps building one step at a time, but he's starting to lose his nerve. He's actually stopped going up - the dow has levelled off after a historic climb. Only massive stock-financed mega-mergers are sustaining enough interest to keep it from falling. Stock advisors tell people to sell into any strength, or to reduce their stock holdings while the going is good to a level where they'd be comfortable with a 50% drop. A federal lawsuit against Microsoft might just be the straw that breaks the camel's back. Kailash