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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club
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To: marc ultra who wrote (636)9/2/1998 8:20:00 AM
From: Wally Mastroly  Read Replies (2) of 15132
 
Nice call on both Meltdown-Monday followed by Turnaround-Tuesday. Still think you made a good call - even though such a bounce back is indeed typical.

Now we need to verify that yesterday was not a One-Day-Wonder. I don't think it was - not with that volume. I think the wiser investors bought the sale prices because they thought the big sale may be ending shortly. With this volatile international situation & wonderful Willie still foolishly refusing to apologize to a public begging for same, smaller "sales" could of course be seen without notice. (Slick Willie just missed another chance to use the word "sorry" in the Russia news conference. Perhaps its not in his vocabulary).

I agree that we are not in a bear market (not just because all 3 major indices did not drop more than 20% on a closing basis).

Take care,

Wally
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