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Pastimes : The Justa and Lars Honors Bob Brinker Investment Club Thread
VTI 338.84+0.8%Jan 5 4:00 PM EST
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To: Alan Bell who wrote (2228)2/2/2003 3:02:21 PM
From: Boca_PETE  Read Replies (1) of 10065
 
Alan Bell: re: ("the chances of hitting nas 800")

If 2003 earnings disappoint, I suspect NAZ 700-800 is a strong possibility. However, I expect a "victory" bear market rally before that happens if and when Saddam goes "Thunk!". But who knows - anything can happen these days.

Thanks for the information about "OnDemand" Moneytalk. I don't feel any urgency to listen to Bob's words that carefully since he reduced his talking about the market. It's a service I choose not pay for. I miss his internet impersonators with the multiple of screen names :-) Although exhausting at times, it was always fun figuring them out and getting hints out of them on Bob's views.

As for "Reflating" the economy, rumor is he means that Alan Greenspan has attached a bicycle pump air hose to the economy and is pumping it like there's no tomorrow. Weekly M2 money supply growth has not been growing unusually fast -I follow it every week federalreserve.gov and Free Reserves have not varied significantly according to the table in Barron's. Low interest rates while industrial capacity is so low would not likely have much reflative impact by generating new loans for capital expansion. Greenie's arm muscles are getting stronger from all of that pumping - I bet his squash game is getting better.

P <grn>
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