Bob Brinker: Market Savant & Radio Host Message Board

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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host

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To: wooden ships who started this subject	3/17/2001 2:49:03 PM
From: geode00	Read Replies (2) of 42834

I remember going around a couple of times as to the low a few days back. Someone said they hadn't gotten a buy executed with a limit at a higher price than the low. Apparently, there is some problem with decimalization so that limit orders won't get executed even though the price fell below it. Then again Morningstar's numbers could have been off that day. ============ Hays has been pretty correct up to now. What he said on 1/4/01 "Thursday morning, Hays penned a report in which he forecast the near-term advance -- from which he has previously predicted an upside of 15% to 25% -- "will be the last interlude rally before the 'new era' and 'old era' join hands and jump off the cliff together in their unilateral third bear-market phase." Previously, he suggested the "third-phase" decline could begin in the spring and send the Dow to as low as 7000 and the Comp below 1800. (He did not reiterate that call on Thursday, however.) As was the case in November (when it was less chic to say so), Hays again forecast the U.S. economy will fall into recession and that the Fed funds rate will hit 2% in the next 12 months vs. its current 6%. "In the third phase of the bear market, as it becomes obvious that the economy has not responded to the dramatic drop in short-term rates, and earnings plunge further as deflationary forces impact those great 'business plans' of last year, cash and bonds will begin to resurface in these public 401(k) accounts and in mutual funds," he wrote. "I expect the next six to 24 months to be very difficult times for the majority of investors who follow the headlines of today. I expect the lemmings to get absolutely annihilated." Hays' advice to investors is "don't be afraid to take short-term gains. To heck with tax considerations. This will be a time to stay alive." thestreet.com Wow, listening to Hays instead of the Bob-the-idiot would have meant getting out on the rally immediately following this article! Remember 67-68?

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