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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host

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To: Gersh Avery who wrote (7709)9/6/1998 6:18:00 PM
From: Skeeter Bug  Read Replies (1) of 42834
 
gersh, i'm not sure bob has that much pull with the big money boys. i don't think it would be good, though. i'm waiting for abbey j con to change her market view. unfortunately, i think any change would be to add another 1k to the upside ;-)

declaring a bear for bob is very risky. if he's wrong then he's a self proclaimed imbecile. an evil bad news bear. if he doesn't call it then all that "good advice" (equivalent to a monkey with a buy button) will have gone for not as a 50% retracement of gains since 1990 or so would wipe out ALL the profits that joe avg had "earned" going up. in that case, bob was worse than worthless for predicting the major market. remember, it takes a lot more money flowing in at the top than at the bottom. that is why money is lost very fast on the way down.

at the bottom everyone will prove the stock market sucks and bonds are better. the same way they use market highs to prove how easy it is to make money in the market.

bob's in a tight spot. all that mocking is has tied his hands a wee bit. reminds me... "pride cometh before a fall..." wise words.

good luck...
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