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Pastimes : The Justa and Lars Honors Bob Brinker Investment Club Thread
VTI 337.87-0.2%Dec 30 4:00 PM EST
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To: rsie who wrote (5218)5/30/2010 10:58:42 PM
From: marc ultra1 Recommendation  Read Replies (2) of 10065
 
<if this is a gift horse buying opportunity, why not state it in a bulletin?

Bob has only issued rare bulletins over the years when it's a major bear market bottom or bull market top in his opinion and not for corrections. He's already noted one should take advantage of any significant correction particularly since historically there's generally a great buying opportunity every 4 years during these mid-term election years of which 2010 is one.

I believe we had a classic selling climax last Tuesday morning and I was buying heavily in anticipation of a turn-around Tuesday which fortunately did in fact materialize. IMO the area of the correction bottom was put in at around that S&P 1050 area. Market fundamentals seem extremely bullish to me especially now that the correction has completely doused what had become disturbingly extreme bullish sentiment in April.
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