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

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To: Boca_PETE who wrote (4728)4/26/1998 3:49:00 AM
From: marc ultra  Read Replies (2) of 42834
 
I don't see the outlook so sanguine. The wild speculation we've seen properly called by Bob reminiscent of tulipmania has till now been the one ingredient whose absence was arguing against a top and now we see it in spades. Asia has not lived up to its ability to significantly slow the economy and now we have articles and Fed governors openly talking about the need for preemptive strikes, something off the radar screen since the Asia meltdown. Record high valuations and dangerously high bullish sentiment prevail now. Bob has also mentioned cash in mutual funds is near record lows. It is clear that these factors have made the market relatively unattractive compared to any time recently. As has been noted Bob has made a shift in degree of bullishness. Prior to this weekend when people discussed what to do with certain large positions Bob had a tendency to say he might let it ride for now since he's bullish on the market. Saturday instead he was suggesting readjusting equity positions down if asset allocation was out of whack due to bull market appreciation
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