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

To: blast_investor who wrote (17098)	1/19/1999 7:32:00 PM
From: Eric Klein	Read Replies (2) \| Respond to of 18691

IMO this proposal by Clinton to invest Social Security funds in the stock market shows very poor judgement. The market is trading at levels which have never been seen before. Might just as well throw the money down a rathole. I've been a supporter of Clinton up to this point, but he just seems to be doing everything in his power to save his job without regard to how it affects people. As somebody else said, he really wants to keep the bubble bubbling.

To: blast_investor who wrote (17098)	1/19/1999 8:46:00 PM
From: Roger A. Babb	Read Replies (3) \| Respond to of 18691

Henry, it is usually a very bullish sign for the market to be up big on the Friday before a long weekend as it was last week. MSFT and others have good news. No one seems to care about Brazil problems. Mergers going on. Nothing companies leaping from nowhere to big market caps on sheer speculation. The bull is still very much alive. Not a good time to be taking large short positions, but also dangerous to be long such over valued stocks. The Clinton speech and Greenspan are both likely to be positive. Putting SS funds into stocks is certainly bullish.

To: blast_investor who wrote (17098)	1/19/1999 9:37:00 PM
From: McNabb Brothers	Read Replies (1) \| Respond to of 18691

Henry, I've been very bullish for some time now on the big caps and the blue chips and have recently turned negative on the internets. My feeling are still the same tonight and tomorrow will be another great day. When the market bounces back from over 100 points losses during the day as it has on a number of days recently, it means the sellers are being taking care of and what few sellers there are and they get finished, the money on the sidelines continues to flow into the market and it has no place to go but up. Sure Brazil is in deep trouble, Russia is, the Asian region is still in trouble, everywhere you look one can find bad news or so it seems. Remember the market likes to climb a wall of worry, and when all the news gets rosey that is when I will turn bearish. Hank P.S.-On top of all the bad news the old man Granville has turned a big time bear on the market, Tells me I will stay long!