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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club

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To: Lars who wrote (12369)3/10/2000 6:10:00 AM
From: Justa Werkenstiff  Read Replies (2) of 15132
 
Lars: Re: "When will it end? Toto we're not in Kansas anymore."

I can't find TOTO on the Nasdaq. Is it listed on the Vacouver Exchange? I want to get a piece of it before it surges.

I said weeks ago that I had no idea when it would "end" after the QQQs broke above 195-200. It will only "end" or slow down when the money flow is reduced to an extent where it is met by people who respect the power of the Greenman or we spin a bad economic number. I think the chances of spinning a bad series of numbers grows daily. Unfortunately, the "old" economy stocks will have to endure a higher and higher amount of pain if the Naz continues to run. You have to go through the "old" economy to get to the "new" and you have to get to the "new" the faster and faster it grows in order to be effective because it is making up a larger and larger part of our economy and the markets.

Remember when Brinker said in the Fall of 1998 that you could not afford to be out of the market one day? Well, we have just the opposite situation now. And if you recall the euphoria we felt on this thread when the Greenman rescued the market on October 15, 1998 by doing an easing between meetings I have come to realize that we are paying the price for that move in spades currently. The market to a large extent clearly believes as is reflected by the sentiment measures and by the NAZ that the Greenman will save the day again (and he has said as much recently in testimony) or that he will most assuredly give us a "soft" landing. Well, the more people that believe he will give us a soft landing, the less likely it is that this will happen.
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