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

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To: wooden ships who wrote (1016)7/25/1997 1:01:00 AM
From: BHaulman   of 42834
 
Truman,

As host of this site, we all owe you a Thank You!

It is interesting that BB doesn't see a Dow above 9000 this year. I think he may be wrong (like his prediction of new highs for the NASDAQ). There is a lot of time left in the year and I believe his prediction that the bears will have to be dragged kicking and screaming higher when this is over is correct. I think they will have to be dragged through 9000 this year to make this market seem absurd, and I think this will happen.

I am a cautious bull at the moment and am raising cash in what seems to me to be a overly euphoric market. I hope to be at 75+% cash in the high 8000's. I think this market is going higher typical of 1987 before October.

I've listened to B. Williams off and on (mostly though the 80's) and never thought of him as a financial analyst. You may be on to something if you think of him as a contrary indicator. It bothers me when everyone becomes a stock guru. Today's market action though was very convincing of a bullish market.

I welcome contrary views and am interested in long term investment thoughts and ideas. Thanks!
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