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

To: Kailash who wrote (8864)	5/16/1998 10:55:00 PM
From: Mike M	Read Replies (1) \| Respond to of 18691

Kailash- You must be short and anxious...what does India detonating 5 nuclear bombs have to do with the US stock market? Nothing! While I agree that the market is high and dependent on continued good earnings, low inflation & low interest rates, until those underpinnings give way the market is not vulnerable to 50% drops... Having said that, I do believe we are going to see a correction....I am doubtful it will happen until we see the DOW strike new highs with no confirmation from the broader indexes....coming soon! Mike