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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club

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To: MrGreenJeans who wrote (771)9/6/1998 5:01:00 PM
From: mojave  Read Replies (1) of 15132
 
I would say he definitely does not sound as confident as he did when he was pounding the table to buy buy buy in Jan and about a week ago. The interesting thing is he said Russia was essentially no big deal a week ago because it represented such a small sliver of the world's economy, yet the pounding emerging markets and financial stocks have taken as of late is a direct result of the ruble's demise. I think the impact that the Russia meltdown has had is giving investors, including possibly Bob, food for thought going forward into '99. My interpretation of Bob's recent tone is that he believes the market will climb, but downside pain, possibly severe, may occur before climbing out of the ditch.
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