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: Joe Basile who wrote (1015)	7/24/1997 11:06:00 PM
From: wooden ships	of 42834

Joe: You raise excellent points. To summarize the case for caution from the passenger pod on the Starship: 1) Brinker does not see DJIA 9000 in the cards for 1997. 2) Brinker remains bullish, but is advising dollar cost averaging into this heady market. 3) Brinker is lately perturbed by manic, omnipresent reportage celebrating the DJIA 8000 milestone. 4) Brinker is further distressed by the entry of "clueless, uninformed" novices into this frothy market. Brinker expressed similar angst just prior to the precipitous, albeit fleeting, market decline of mid 1996. ------------------------- More evidence of market froth? Bruce Williams, the immensely popular talk show host and "everybody's uncle," has been ad- vocating mutual fund purchases for some time. Indeed, Bruce lambastes those non-senior callers who meekly admit to carrying comfortable cash bank balances. Williams opines that credit cards are the vehicle of choice for emergency cash advances. Lately, there has been a surfeit of callers who, while confessing to cash accounts, vow to mend their ways by converting cash to unspecified mutual funds, thereby receiving Bruce's imprimatur.

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