Bob Brinker: Market Savant & Radio Host Message Board

STOCKTALK

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

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To: Gary M. Reed who wrote (1033)	7/26/1997 7:59:00 PM
From: wooden ships	of 42834

Gary and I2: Lately, Williams' hitherto rare references to the stock market have seemingly come more frequently, as might be expected given the publicity accorded the DJIA in recent months. Williams' unquestionably advocates investment in the stock market for "the long haul," as he puts it. What has disturbed me of late is more than a few non-senior callers who have sheepishly in- formed Williams' that, contrary to his advice, they maintain cash bank balances. These callers seem to be of two classes. The first class is chided by Williams, who then advises investment of spare cash in mutual funds without a proviso to dollar cost average at these levels. The second class of callers confess to the "error" of their ways and assure Mr. Williams they will convert the bulk of their cash savings into shares on the stock market, poste haste. Bruce Williams is ordinarily an endless font of priceless, practical wisdom. Howsoever, his call for unattenuated purchase of shares at these rarefied levels and the employment of credit cards should cash emergencies arise, in my view, smacks of sheer, unleavened irrespon- sibility.

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