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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club

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To: Justa Werkenstiff who wrote (11786)2/8/2000 12:17:00 PM
From: Investor2  Read Replies (2) of 15132
 
It seems like the number of posts per hour has dropped off quite a bit today. I suppose everyone is waiting anxiously for the newsletter to arrive.

With the understanding that I have not yet received the newsletter, I'll set forth this guess as to its contents:

The cash reserve will remain essentially unchanged or move up slightly.

The newsletter will emphasize that the current high level of market risk is likely to remain. There will be no short term solutions this time. The likelihood of a lengthy period of underperformance, such as 1966 - 1982, is increasing. The likelihood of a major (catostrophic?) bear is also increasing. For conservative investors, cash taken out of the market now may best stay on the sidelines for quite some time.

Again, the above is all rank speculation; I haven't seen the newsletter.

What do you think?

Best wishes,

I2
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