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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club

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To: marc ultra who wrote (3219)2/6/1999 11:06:00 PM
From: Boca_PETE  Read Replies (2) of 15132
 
marc u: re:< Anybody recall the S&P500 level for a buy point? >

It was S&P 1120 (SPY =120). My interpretation of Brinker's outlook coincides with yours. Like you, I exchanged IRA money out of equities into bonds (short and long term).

Guess we'll get that waterfall sensation ultimately during the indescriminant selling period, then a rally from the benchmark low, then testing the lows on less volume. Guess after we test the benchmark lows, it will be time to get aggressive again. Hopefully at that time investment advisor bullishness will have dropped to the low 550's to high 40's and the bears will be everywheres on TV. I wonder if Michael Metz will come out of retirement for the occasion.

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