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

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To: R.E.FALTINGS who wrote (2740)1/11/1998 8:10:00 PM
From: Alan Bell  Read Replies (2) of 42834
 
re: In light of BB's drastic change of attitude to the market this week versus past weeks, ...

While Bob's enthusiasism is different, his advice really hasn't changed that much. For the past couple of months, he has been saying that Dow 7400 is a buying opportunity. This weekend, he raised that to 7500. Nor has his upper target changed. He was still saying $48.00 time 22 PE, which he has been saying for months.

What changed was the market - in the last week it has pulled back to the point where it is likely that buying opportunity might be reached. While BB and Abby Cohen advice might coincide, BB recommendation definitely preceded the WSW appearance of Abby Cohen.

-- Alan
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