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: Kirk © who wrote (39576)	10/16/2008 11:33:19 AM
From: Midwest_Investor	2 Recommendations Read Replies (2) of 42834

"......continue to advise a 100% position in the safety of money-market funds. This has been our view since our models flashed a major sell signal back on Jan. 16, 2008. We indicated on yesterday's hotline that we expected last Friday's intraday lows to hold up over the next three months and as an outside possibility they might represent the extreme lows of the entire bear market. This is based on what we felt was the outright capitulation during the opening minutes of trading last Friday, October 10th. The areas of support are the Dow - 7,882, S&P 500 - 839, Nasdaq - 1,542 and the Russell 2000 - 468. Despite today's carnage we expect these support areas to hold." if he expects these "support levels" to hold, then why does he suggest money-market funds? Shouldn't he be buying if he feels this way? makes no sense to me.

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