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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club

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To: marc ultra who wrote (5653)6/9/1999 12:25:00 PM
From: marc ultra  Read Replies (3) of 15132
 
headed for new highs? Bob's prediction of new highs looking pretty decent at this point with the S&P500 and Naz doing well so far despite a long bond yield rising above 6%. I can imagine the market shaking off a Fed rate increase after a brief pause later this month and then moving onward and upward. This could bring on board the reticent and give us a good rally to new highs at which point valuation, sentiment, and tight money with continued squelching of growth in the money supply could bring us to that inflection point when Bob re-evaluates the market when we reach new highs. Guess I'll sit with my partially hedged position as the market is no bargain and I'll still make modest but decent money on an updraft and I'll be well positioned to make a quick move if we reach a sell signal in the weeks and months ahead

Marc
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