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

To: BDR who wrote (15926)	12/2/1998 8:49:00 PM
From: space cadet	Respond to of 18691

Good point, Dale. Shorts have lead a very tough existence with Mr. Greenspan in charge. He is clearly the smartest financial person ever to hold such a powerful position. I think we still have "recessions" in the market but they just last much shorter than before. And there was a recession I believe in the early '90's. Still anyone betting against Greenspan is pretty dumb. As I have been saying for a while now, the law of averages favors getting some real dummy as Fed chairman when he goes, and that will be the time to really bet big on the short end. Until then, though, as you put it, no real recessions, and no huge corrections either. I think we have just seen the biggest correction we will see for the next 2 or 3 years. 12000 in '99? 25000 by 2005?