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

To: Joey Two-Cents who wrote (14800)	10/26/1998 2:33:00 AM
From: mchip	Read Replies (3) \| Respond to of 18691

Joey, I agree with some of your post. I guess I'm just not as apocalyptic! Yes AG's cut sparked the market, and can do so again. Two rate cuts already, One unexpected, what else is in store? I don't think the cuts are done. “Baby Boomers” I agree... thing is they are in their top earnings now, and socking $'s away for retirement, this will continue for a few more years. Your 2 year call is a few years too early I think. 1. The DOW. Yes huge percentage gains. Why? I think exposure... this is not our fathers DOW! Mutual Funds and 401K's etc… have become more prevalent in the past years. Money flows in… prices go up. 2-6. Yes 7. Ok I think unemployment will rise, but I don't know how much. 8. Owners of stock. In 1929 the masses did not know what stocks were. In 1998 most do, and contribute to them regularly, through savings plans. The sheeple have been taught that in a market down turn one has always done better holding through than selling on the downturn. Savings plan statements are reaching the people now. Lets watch the cash flow to/from mutuals in the coming weeks... I think it will be UP! 9-11. 9. Solved no.. held up by yes. 10. House Prices, yuk! The housing gain the early/pre baby boomer generation benefited from is certainly over. The Baby boomers are making gains in the market now. This will end also when money is pulled out of growth stocks to ‘safe' investments. Will this spark the RE market? Or something else? I, for sure, would like to know where all the money is going to go!!!