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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club

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To: Justa Werkenstiff who wrote (206)8/22/1998 3:06:00 AM
From: Alan Norton  Read Replies (1) of 15132
 
RE: Market Volatilty

Justa,

Why would Bob issue a buy signal before two of the weakest months, historically speaking, in the market? I am guessing here, but his model probably said 'buy'.

I know that Bob tracks historical trends. He has often cited previous market events and related them to current situations. Is this the difference between a 'Buy'' and a 'Gift Horse' opportunity?

I can't time the market - I'll leave that to Bob. But I do believe in risk assessment. At this point, I am happy to be on the sidelines watching the volatility in the market. The risks are just too high for me to jump in this time.

Add a U.S. military strike to my Market Negatives list, although it is more a concern than a negative. Investors in this country could care less about the latest strike, but foreign investors may see this as destabilizing.

I have started to pick up a few bargains and will continue to do so through October. I think that Bob is going to be right on this, yet again, although I doubt if we will see this until winter. But what do I know? The market will do what the market will do......
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