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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host
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To: David Bogdanoff who wrote (749)6/29/1997 2:47:00 PM
From: wooden ships   of 42834
 
David: I heard only the final hour of the Saturday Brinker show
wherein he reiterated his bullishness and argued for dollar cost
averaging at these dizzying heights. One caller asked Brinker for
his reaction to certain market analysts (e.g., Ralph Acampora?)
predicting a market exceeding 10,000 and much higher for the DJIA.
Brinker dismissed all of these long term forecasts, whether on the
downside (Bob Prechter was forecasting 40 on the DJIA several
years ago, to recall it) or on the upside as so much poppycock.

It would be of interest to know if Brinker addressed the comment
by Prime Minister Hashimoto of Japan who, last Monday, referred
to the temptation to sell Japan's massive holdings of US Treasury
debt and buy gold with the proceeds. Japan reportedly holds over
$222 billion in US gov't IOUs.
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