Alan: Caretaker Jensen has been working all week to remove
those scratches. Then again, I had considered saving the skillfully
wrought, albeit misplaced, likenesses of "Little Lulu."
Yours are well thought out scenarios. For my part, I shall
hearken back to those those sinister days of October 1987
when vast fortunes disappeared on a Black Friday followed
by a Blacker Monday. For this time, one could envision a
scenario of a 1987 style stock market implosion followed, not
by yet another perceived buying opportunity, but by a more
determined mindset to avoid equities entirely, as one might
avoid a plague. The latter was certainly the case in the great
bear market after the oil price explosion of the early 1970's.
As we are reminded often by Brinker and others, the market
peaked above 1000 on the DJIA in 1966 and did not regain
that level until the 1980's.
I'll cast my vote with Investor 2 on choice G as a likely
possibility. Brinker himself has, as I have recorded heretofore,
acknowledged his power vis a vis this market. When the consum-
mate bull, the voice of millions of investors- the man who has
called every market turn with stunning accuracy since, at least,
the late 1980's- telegraphs that sell signal, I am willing to
gamble it will likely be the "shot heard round the world."
Brinker has already warned us that he does not greet impending
bear markets "with tea and cookies."(cf. Invaders from Mars)
That is to say, in the face of a bear market, Brinker sells out and
goes short, all hallow. One suspects that more than his loyal sub-
scribers and listeners will be inclined follow suit. |
