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

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To: Kirk © who wrote (8781)11/27/1998 11:17:00 AM
From: Cynic 2005  Read Replies (2) of 42834
 
Kirk, congratulations on your call. It would have been interesting to see how the market would have shaped-up if the Feds did not intervene with the markets. None of the perma-bulls have that factor in their equations so I continue to believe that people like Bob, Abby C are right for the wrong reasons. BTW, I still believe that 10k is a pipe-dream. I have been looking at my unorthodox indices of investor temperment. From cocky bulls like Bob Brinker and Abby Jo, to internut manias (which the likes of Abby would like us to belive is "fundamental" discounting rather than a mania) to bears throwing towels all systems are go for a waterfall decline of 20-25% before the year closes. Then again, I was caught on the wrong foot, why should you pay any attention to what I say? -g-
Good luck!

PS: looking back at history of Fed blunders, the closest blunder to latestest interest rate cut was made in 1927. The market more than doubled between that time and the ultimate crash. I take the exception to the possibility that we are in the 1927 equivalent of pre-crash mania. For, most of the ingredients that caused 1929 crash are in place.
As much as Bob Brinker would like to villify the bears, I am certain about one thing. Many a bears will get destroyed in this mania. And, the vast majority of the bulls get annihilated. That ratio would be some thing like 1 bear that was destroyed for every 50 bulls that will be impoverished. The nature of the euphoria prior to panics and crashes is such that it will do maximum damage to the big majority of the population. Then again, WTFDIK? -g-
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