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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host

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To: Alan Bell who wrote (4755)4/27/1998 12:43:00 PM
From: Mark Rosneck  Read Replies (2) of 42834
 
Alan et al,

I've been a lurker here for a few months and have really enjoyed the insights of this group. Here's my $.02 worth on the Saturday commentary. I don't think it's too different from what others have said:

Bob seemed to be saying "OK, let's all get back to basics -- determine your risk comfort level based on your investment objectives and make sure your portfolio is balanced appropriately. If you've gone too far to the equity side, this is as good a time as any to bring things back into balance."

I think that most folks are looking for Bob to give them 'the one right answer' to what to do with their money. I also believe that Bob keeps trying to deliver a message that you're in control of your finances and you have to do what you believe is right and not blindly follow anyone -- including Bob Brinker.

There was a particularly good call from a person who was 100% in equities and was 5 years from retirement. Bob used this call to demonstrate the need to balance appropriately. Clearly the risk is huge compared to the reward with this sort of time horizon.

I think the bottom line is that Bob wanted to reiterate that everyone make certain that they haven't violated their basic investment strategies. Related to this was an implied 'if you've blindly jumped completely into equities, you've gotten away with it for big gains but things won't stay like this forever so make sure this is what you really want to be doing. And things may change late this year or early next so be prepared. And be diligent in watching events in case something happens sooner than I expect.'

Actually, I much prefer that Bob say "Buy ! Buy ! Buy everything you can get your hands on !" This having to think gives me a headache. :-)

Regards,

Mark
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