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

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To: Skeeter Bug who wrote (8229)10/6/1998 4:04:00 AM
From: Bill Wexler  Read Replies (1) of 42834
 
You're underestimating Brinker.

I've listened to his shows on many occasions. He doesn't strike me as a dipster or a "damn the torpedoes" bull. I disagree with some of what Bob says, but only because I feel that he has been too conservative in his allocation models - particularly when advising his younger listeners.

I've been concerned with speculative excesses in the U.S. markets as well (I have a thread which discusses short sale ideas), but I think one of the fatal mistakes being made by so-called "technicians" is comparing the entire U.S. equities and debt markets to Japan in the late 80s or the U.S. in 1929. The latter is particularly absurd. I've seen people superimpose a chart of the DJIA prior to the 1929 crash over a present day chart as "evidence".

I am even more wildly bullish than Bob, and I can't remember a time where I've been a more enthusiastic buyer of stocks since Desert Storm began in 1990-1991.

The current global economic crisis is just another speed bump in the U.S. economic expansion. I believe that the short term earnings gloom will dissipate, and is currently more than offset by an exceptional economic climate of low interest rates and nearly zero inflation. I also believe that U.S. investors have not begun to think about what will happen should Asia turn around quickly.

The market is headed higher.
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