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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club

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To: DD™ who wrote (69)8/16/1998 9:22:00 PM
From: Alan Norton  Read Replies (3) of 15132
 
RE: Market Negatives

DD, I have been thinking the same way. My list:

Weakness in foreign markets: Southeast Asia, Japan, and now Russia.

Earnings concerns in the tech sector, and to a lesser extent the general market, due to the problems in southeast Asia and Japan.

Possible impeachment of a U.S. president.

The looming spectre of October. In honor of Halloween, the market has been scared by ghosts and goblins in what seems to have become a yearly ritual.

The Y2K concerns, which may eventually rival Chicken Little as one of the greatest 'the sky is falling' laments of all times.

The weakness in the foreign markets, and the earnings concerns are the only ones on the list that could fundamentally affect the U.S. markets. The others are concerns because of market psychology. With the exception of earnings, none of these are tracked in Mr. Brinker's market timing model.

I am PASSING this time on Bob's market buy under DJIA 8650. I will re-evaluate in October, with expectations for a very strong late year rally.
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