The Justa & Lars Honors Bob Brinker Investment Club Message Board

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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club

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To: Lars who wrote (5644)	6/6/1999 6:20:00 PM
From: nelli	Read Replies (2) of 15132

I have been listening to Bob for years (even before I knew what he was talking about!) Today he said: bullish sentiment among analysts was around 70% long term interest rates nearing 6% chance of fomc rate increase better than 50% S&P500 trading near P/E of 27 then he declares our little correction over after 2 weeks and a 6% drop, and a new high can be reached by the end of summer... huh? This is very un-brinker like! We have the CPI coming up in the middle of June and the all important FMOC meeting at the end of June.. I cannot see myself jumping back into the market yet... (I am 50% cash here in my trading account and I mainly do swing trades) I think there might be more time and room to be nervous about the market, how can the correction be over already... if anything I feel more comfortable when I open a short position. Is this the new paradigm? Sorry Bob this time I don't get it... I can see that technically the market wants to push higher but the fundamentals are all wrong... can someone please comment? I would appreciate the education...

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