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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club

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To: MrGreenJeans who wrote (3814)3/14/1999 5:15:00 PM
From: marc ultra  Read Replies (1) of 15132
 
MrGreenJeans re"Which way will Mr. Market Go?"

Good question. I had gotten down to about 2/3-1/3 when there was a strong smell of significant correction but when the market acted like it was in no hurry to go beyond the small correction I covered my DIA short position and do what I usually do when I have too much cash lying around, I bought some stock adding t some small biotechs. I am now back to 75-25 and I'm content to sit here with a decent amount of cash at these extreme valuations. With Bob continuing to see no bear market in sight and the economic news being benign I don't see any reason to get overly cautious. I guess if we make our run to 10,000 and beyond and the II bullish sentiment reaches 70 again and as a kicker the put/call 10 DMA also returns to extreme bullish territory I would find it difficult not to do some hedging or selling

Marc
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