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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club

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To: marc ultra who wrote (7479)8/5/1999 7:57:00 AM
From: MrGreenJeans  Read Replies (1) of 15132
 
Marc

I do however believe when the history of this bull market is written there is a reasonably good chance July 16th 1999 will end up in the history books as the final top.

Not so sure. There is plenty of cash on the side. Third quarter profits will be excellent and the comparison over the 1998 third quarter will be pronounced. If the Federal Reserve does hike rates a 1/4 of a point it may be seen as the last rate hike of the year and it is already reflected in the bond and stock markets at this time.

I suspect we will be revisiting old highs or go slightly higher in the coming weeks / months. Of course if I am wrong my wife may have to take a second job.
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