The Justa & Lars Honors Bob Brinker Investment Club Message Board

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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club

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To: Justa Werkenstiff who wrote (1246)	9/29/1998 5:41:00 PM
From: Lars	Read Replies (1) of 15132

Justa, >>> I don't think you can adjust what is essentially a rational model the vagaries of the marketplace and the reaction of investors to those vagaries. If we move in this direction, we are essentially asking Brinker to create a crystal ball. Moreover, I am not sure how an expanded definition of a "correction" would apply here. As an "intermediate correction" of between 10% and 20%, it meets Brinker's definition so far. >>> What if there is no model? What if he makes it all up? What if he just makes it up as he goes along sipping his ginger ale? My goodness, I can't take this anymore. HA! Then again, he must have something that is damn good. He has been bullish for a long time, and correctly so. You are correct in that Bob can't have a crystal ball. Personally, I would be suspicious if he were extremely CONFIDENT versus just confident based on solid reasoning. I don't see how we could expand the definition of "correction" either. I am concerned that people are splitting hairs re: the precise definition of "correction".

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