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


To: craig crawford who wrote (12386)8/4/1998 5:08:00 PM
From: Oeconomicus  Read Replies (2) | Respond to of 18691
 
Craig, surely we'll get some reassurance out of Abby the Bull by the morning. If not, what will the dipsters think? Oh wait, they don't think.<g> I imagine we'll get some stock repurchase plan announcements too. But, we took out the June lows on the Dow and S&P and I guess the Dow Theorists and a lot of other technicians will be exiting too.

Bob



To: craig crawford who wrote (12386)8/4/1998 5:12:00 PM
From: Don Westermeyer  Respond to of 18691
 
Actually I'd wait for Joe Granville to call for a bear market before I start to buy again.

I'm sure Abbey C. will have comforting words for the market tomorrow.

I wonder if Michael Metz actually confirmed the bear market when he threw in the towel as market analyst recently.

FWIW - I've been mostly in bonds and 'safe' stocks this year. I don't know when I'll start buying again. Maybe dollar cost average into the energy sector - it seems unfairly beaten down (on a valuation basis).