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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club

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To: marc ultra who wrote (1783)10/24/1998 11:50:00 AM
From: J. M. Blackburn  Read Replies (1) of 15132
 
marc: >I have seen the argument most recently in current smartmoney.com about reasons why small caps won't start moving in particular the story goes that funds won't buy them for liquidity reasons. After 33 seconds of deep reflection I am declaring this argument bogus and here's why. Yes its true Magellan can't reasonably buy a small......<

Have you ago noticed how many previously "Closed" Small Cap Funds have reopened? This will have a great positive effect on the small cap sector in the future. They see value and they can handle more money.

For the life of me I can't understand how anyone can find fault with Bob over the events of the last few months. Yes, the correction went further than anticipated but if you took the clue when he was talking about allocation last summer and you felt comfortable with taking on a little more risk a few weeks ago you are now in great shape. By using those two opportunities my portfolio is now only down about 2% from its all time high last July and if Bob is right, which I believe he is, we have another 900 Dow points plus to go.

Maybe I'll even be able to afford some mail order shopping before to long. Justa, send me out a catalog please.
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