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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club
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To: Wally Mastroly who wrote (9391)10/18/1999 9:06:00 PM
From: Justa Werkenstiff  Read Replies (4) of 15132
 
Wally: I don't think Mr. Market will be focusing so much on the CPI. I don't think that number can cause a sustainable rally. Last month, the CPI and the PPI came in benign and the market didn't care. Now Mr. Market is focusing on earnings. Forget about Q3. It is history. Even if a company posts good numbers, it will fade within days. The pattern is undeniable -- sell the earnings. And now Mr. Market has some big questions going into Q4 after DELL warned tonight. That has quickly become the focus.
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