Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: McNabb Brothers who wrote (17127)	1/20/1999 11:58:00 AM
From: Amots	Read Replies (1) \| Respond to of 18691

OT Hank. Do you still have position at TGLO? (I sold 2/3 today @48 from 34). Regards Amots

To: McNabb Brothers who wrote (17127)	1/20/1999 11:59:00 AM
From: Marconi	Respond to of 18691

Hello MB's: Looking at 3 month charts, might be a time for some of the successful internet shorts to take profits this week, and wait for some further runs later. Any TA's see anything like this? Best regards, m

To: McNabb Brothers who wrote (17127)	1/20/1999 12:00:00 PM
From: Don Westermeyer	Respond to of 18691

I read the other day that that 95% of all mutual fund managers under performed the S&P 500 index last year. How true! Most the the S&P came from only about 30 stocks though. If you throw out the tech world, the overall market did not perform all that well. I think the Russell 2000 was actually down. Looks like Amazing.com is really taking in on the chin again!

To: McNabb Brothers who wrote (17127)	1/20/1999 12:14:00 PM
From: Kailash	Read Replies (1) \| Respond to of 18691

Hank - This is no doubt true, so there may still be net inflows into the market. Here's a snippet from Greenspan's talk: Washington, Jan. 20 (Bloomberg) -- Federal Reserve Chairman Alan Greenspan suggested U.S. stock prices may be too high even though he acknowledged the U.S. economy is rolling along with few signs of the slowdown Fed forecasters expect. "Though the pace of economic expansion is widely expected to moderate as 1999 unfolds, signs of an appreciable slowdown as yet remain scant," Greenspan told the House Ways and Means Committee. The good economic times could be lulling investors into a trap, Greenspan suggested. The rebound in stock prices in the last three months leave them at levels that "would appear to envision substantially greater growth of profits than has been experienced of late," he said. This falls a little short of "irrational exuberance" but it's in the same league. He also speaks as if earnings mattered, old-school as he is... Edit - an economist says what the Fed doesn't: "The Fed is concerned that there is a bubble developing," said Paul Kasriel, an economist at Northern Trust Co. in Chicago. "The Fed will not raise rates in order to prick the bubble. By the same token, it's not going to cut rate until it is sure that the economy is slowing, and not to just to 3 percent but to 2 percent." Kailash

To: McNabb Brothers who wrote (17127)	1/20/1999 11:49:00 PM
From: BDR	Respond to of 18691

<<I read the other day that that 95% of all mutual fund managers under performed the S&P 500 index last year!>> The February issue of SmartMoney, which started showing up for free in my mailbox last month, has an article on the poor performance of funds. It is interesting reading. They state that only 12% of all domestic equity funds beat the S&P 500 last year, the worst performance in 10 years. A illustrative quote: "Over the past five years, the average health care stock has jumped 32 percent a year, while the average health care fund has grown just 18 percent annually. Go figure." No doubt the fund managers still got paid their six-figure salaries, the funds' owners still collected seven- or eight-figure fees and bonuses were had by all.