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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club

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To: Kirk © who wrote (12557)3/18/2000 11:00:00 AM
From: Justa Werkenstiff  Read Replies (1) of 15132
 
Kirk: Re: "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."

Yes, and they should root for even higher and higher returns! Why not 20%? I love it. We are at record multiples and people are rooting for multiple expansion when the Fed. is tightening and has expressed their concerns about the market levels. Root all you want but in the end you may regret your wish if you get it. Whether you know it or not, perhaps you should be rooting for returns around 10% if you are a long term investor. High market returns may be the sure ticket to a bear market in the future.

Re: "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."

Disagree in part. Only those short should be rooting for a bear market. You are assuming that those in cash have the need or want to go back into the market at any point in time. This is not true. Cash is an asset allocation category. In the event of a bear, one might not elect to put cash back in the market depending upon the circumstances.
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