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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club
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To: Justa Werkenstiff who wrote (977)9/13/1998 4:33:00 PM
From: Justa Werkenstiff  Read Replies (6) of 15132
 
** Saturday Summary **

Any idea that Brinker is in any way subdued was soundly put to rest
today. Brinker is "very excited about the prospects of the market
in 1999." He was very upbeat. Brinker said he was "bullish, bullish, bullish" and even offered a good natured jab at the bad news bears.

This was a very important week in the market according to Brinker.
Backing and filling took place this past week from the August 31, 1998 low of DOW 7537 and S & P 954. S & P was up 3.6 % for the week. Midcaps were up approximately 3%, samll caps up 2%, NASDAQ up 5% and Wilshire up 3%. Stabilization in Russia and Brazil were noted. New 52 week highs were up for the week over the last week. Fewer new 52 week
lows over the previous week. Improved advance / decline noted as
well.

Regarding Starr report, Brinker noted: "Something like that can
only hurt the market only so much and then it can't hurt the market
anyomre.... The market has pretty much digested the Bill Clinton
soap opera at this point." Brinker said the he did not think there
were anymore surprises with the President and he thought that this
was out of the way. He does not believe that the fate of Clinton
will have a significant impact on the course of the stock market
from this point on. He noted the rally on Friday as evidence.

Market is more attractive at this time than at anytime during 1998.

Classic midterm off-presidential year bottom being put in here. We
could have possibly put it in with the August 31 lows. Additional
testing of the general area of the new low cannot be ruled out. But
if that holds together -- and he expects it will -- a bottom will
have been seen close to those lows.

In every case but one in this type of correction, the subsequent
rallies have been over 50%.

Following any probing and testing of the lows, Brinker expects to
see new highs in all the averages as stated previously by the
summmer of 1999 within a one year time frame.

Brinker has a position in Intel again.
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