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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host
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To: Alan Whirlwind who wrote (5634)6/26/1998 10:01:00 PM
From: Justa Werkenstiff   of 42834
 
Alan: Granville turned bullish in the summer of 1996. So he is a new bull as much as he is an old bear. There is no rationale underlying his conviction of a Dow 10,000 by Labor Day. His only rationale was that people would continue to buy stocks because that is what they had done in the past. I swear he must had had a quick snort before this interview if you know what I mean. Ask yourself, what kind of trailing P/E Dow 10,000 would fetch when converted to the S & P? We are already at a record level as Brinker has stated so often. If we do get to Dow 10,000 by Labor Day, I will be a seller. I wonder what Brinker would do.
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