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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club
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To: Gary D who wrote (11393)1/23/2000 6:53:00 PM
From: Gary D  Read Replies (2) of 15132
 
Bob made some very bearish comments today on the air:

The timing model says that the upside potential from the recent benchmark high (of S&P 1469.25) is less than 5 percent (1540 or less); while downside risk is greater than 20 percent.

If the market takes a hit of greater than 20 percent, Bob would be surprised to see this resolve in less than 6 months.

"Tremendous degree of complacency" out there.
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