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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club

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To: Investor2 who wrote (12555)3/18/2000 10:14:00 AM
From: Kirk ©  Read Replies (2) of 15132
 
RE: Because Bob based his "worst case" assessment of the 40/60 strategy on a 10% rise in the market.

Agree and good point.

BTW, on new highs, I look at what money the index returns.

quicken.com

IF anyone thinks I am "rooting for Bob to be wrong", the answer is "You bet your sweet bippie".

I believe ALL that own $1 or more of stock should be rooting for the market to break higher than the 10% upside worst case he called for. Only those 100% in cash or short the market should really be rooting for a correction and to root for a bear means you are hoping many of your countrymen and women are out of jobs as bear markets are not pretty sights.

Only a nut would feel good paying taxes on huge gains only to buy the same stuff back a few months later 20% lower. I think Bob truly believes there is a secular bear ahead, or high odds of one, and he is preserving capital. I do not think he wishes misfortune on all us that follow a more buy-n-hold approach or the whole country that would suffer in a bear market.

Kirk
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