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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club

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To: Justa Werkenstiff who wrote (12451)3/14/2000 11:04:00 AM
From: Kirk ©  Read Replies (3) of 15132
 
Justa

I have to admit that your mimicking the Brikerbots that bash anyone on his site that doesn't agree with Brinker is not attractive. Are you trying to win an award?

One thing about JoeB, unlike Bob. He WAS able to predict the NASDAQ would outperform. I guess he looks at more than just the ever changing S&P500. It seems he uses the PEG ratio that I have been writing about on my site for some time. The Motley Fools were talking about the PEG ratio back when they hosted MoneyTalk and I got bashed here for saying I liked some of the things they had to say. Bob did not talk about earnings growth until very recently after he missed "Market Timing" the NASDAQ out performance.

Joe B has said recently that he thinks the DJIA will outperform (go to 12,500 and the NAS will go to 6000) this year. Seems Joe sees better value in the DOW.

Why would Greenspan worry any more about the Evil Nasdaq when many of the companies have earnings and last year the 'nut stocks were even more ballistic and he did nothing extra then other than Jawbone?

His jawboning works...look at all of you "fearless traders" that went to cash!

My guess is he looks at the "wealth effect" which would mean ALL stocks meaning the Wilshire5000. Guess what? That seems to be growing at about his target rate.

People will continue to invest smarter than others and make more money by finding the hot sectors for growth before the masses. Then they take profits or use tight stops while the dumb money pours in (usually thru mutual funds). Then the insane run-up ends and it happens again in another sector. So what? As long as the overall average (VTSMX) goes up at a modest level, the wealth effect should be contained. Smart people will always make more than dumb people...why fight it?

Kirk out
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