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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club

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To: Allan Harris who wrote (13215)4/14/2000 10:38:00 PM
From: Gary Taylor  Read Replies (5) of 15132
 
Bob Brinker Interview on KGO radio, San Francisco.

Just heard an interview by Gene Burns with BB, supposedly taped about an hour ago.

Quickly from my recollections and quick notes:

People are realizing that Greenspan HAS to continue to raise interest rates -- worried about that causing a recession.

People are scrambling to get into cash, but they're too late. A good time would have been January when BB urged investors to get most of their money out of the market, since he was fearful that this would happen.

Mainstreet is still pretty much unaffected by what happens on Wall Street.

Greenspan is not loosing any sleep over what happens to the stock market, he is intent on slowing the economy.

It will be difficult to pick the "bottom" of this market.

Investors should be sitting on their cash reserves. awaiting signs of better times. Earning interest every day.

BB is not yet ready to to mark a point to move back into the market.

People want to hear the all clear, but it's not here yet.

What's key is preservation of capital, should be your #1 objective.

Question by Gene Burns, impact on Gore? No, BB hasn't seen anything this week that helped GW, the election will depend on other issues.
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