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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host
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To: KM who wrote (1115)8/9/1997 12:19:00 AM
From: Investor2   of 42834
 
RE: " I, along with the rest of civilized life, wait with bated breath to see what his take is on this week's activity and going forward. "

I also am anxious to hear what Bob has to say about Friday's market action. Personally, I'm torn between two thought paths:

1. After a 25% increase over the last few months, we are overdue for a correction. In fact, Friday's drop wasn't even a correction, given the fact that it was only a two percent move. If we're lucky, we may get another 5% on the downside, which will present us with a Gift Horse Buying Opportunity.

OR

2. Everyone in the world is repeating the information presented in number 1, above. I heard two different special reports on the radio tonight (not in the business segment) where the commentator was quick to point out that Friday's drop was really nothing to be worried about. Therefore, look out, the market top is at hand.

Only time will tell, but the idea that the market quickly recovers from all drops seems to be gathering followers.

Best wishes,

I2
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