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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club
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To: Justa Werkenstiff who wrote (1183)9/26/1998 9:15:00 PM
From: Kirk ©  Read Replies (3) of 15132
 
Saturday monologue and partial show summary.
from suite101.com

Monologue: Boy is BB bullish! 8) He thinks the bottem has been set and the rush upward could happen within weeks. Feels probing and testing is still possible. With LT Cap (mis)Management disaster not cratering the market he sees that as extremely positive.

BB is looking for one of the BEST increases from the low of a "midterm Off Presidential election year correction". If I am reading what BB says on the radio and add that with the newsletter numbers, then BB is looking for the next advance to be above 50% from DJIA 7539 and for that to happen over 6 to 24 months. Do others read the newsletter numbers and todays optimismn the same way?

(If there were a college final for Moneytalk 201C, then the question would be "what level is BB predicting for the DJIA based on the above observations and newsletter numbers?" I get DJIA min of 12,000 before 24 months expire..... of course, he is staying "conservative' with DJIA 9500)

I did a calculation with newsletter numbers here:
suite101.com

Notes on last weeks' tape of moneytalk:

BB told one caller to sell Benham 2020 Zero fund and put money into the market. (I agree this is a smart move since the caller was buying for interest
capital gains with falling rates, these rates are near bottom relative to 7% when purchased, and so the stock market is the appropriate place to be).

BB told another 44 yr old caller with 90-100% in equities, like me, to wait until the new highs are set before reallocating.

regards
Kirk out
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