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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club
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To: marc ultra who wrote (473)8/30/1998 7:02:00 AM
From: Justa Werkenstiff  Read Replies (3) of 15132
 
Marc: "I'm not sure what he could say at this point other than as far as he can tell we are still in a bull market and in his off presidential election year that should produce a great buying opportunity."

Brinker could further define what he means by "close to a bottom." Was this statement made within the context of Brinker definitions of a intermediate correction versus a bear market meaning we have a maximum of a 20% correction on our hands or was it in the context of a "major" midterm, off-presidential cycle "correction" which by definition could far exceed 20%? I would assume the former, but that is after a great deal of listening and inferential work on my part through stringing various show segments together. He should just tie it all in one package (segment(s))on the air so there are no misunderstandings. I think I know what he means by "close" but I should not have to guess. Does "close" mean a few percentage points from here or an intermediate correction of up to 20%? Who knows for sure. And if he doesn't have an opinion on the length and severity of the downturn due to the fact that this is a news related correction, then he should just come out and say so. We all respect his opinion and should not have to work like cryptographers to figure out where he stands.
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