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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club

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To: marc ultra who wrote (6276)	6/25/1999 7:38:00 PM
From: Greg Jung	Read Replies (1) of 15132

marc, I highly doubt that total market "timing" as you propound will have much, if any, effect on your finances long term. Probably only delay their appreciation. Least of possibly profitable approaches is to try to follow, on a daily basis, a "market timer". If you were dealing with index or commodities futures it would begin to make sense, but with just a bag of equities? I think there are much more leisurely pursuits of time-wasting that will give more satisfaction. As for the general talk on interest rates, I think the best that could happen would be a 1/2 point increase and removal of the bias. This may produce a superficial stock slide that would in fact last less than 1/2 of a day, as its the only alternative that is favorable both to bond and stock sentiment. It removes the prospect for immediate future increases (remember they claim they'll warn before new rate increase) and delivers what is percieved to be tough medicine. 1/4 point, retain bias - not enough, no closure to issue 1/4 point, remove bias - worst case no action next-to-worst case, improbable. Greg

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