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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: marc ultra who wrote (5849)	6/14/1999 2:27:00 PM
From: Justa Werkenstiff	Read Replies (2) \| Respond to of 15132

Marc: Re: Nets. There is a huge meltdown going on today and this is a good thing IMO. The life of the bull market increases each day as this excess get washed out of the market. Brinker is quite pleased with this internet market action as he has said. I am impressed that so many parts of the Nasdaq and overall market stand strong in the face of this meltdown up until this point. I had previously thought that if the nets melted it would take down the overall market some. Not today so far. Incredible market.

To: marc ultra who wrote (5849)	6/16/1999 1:40:00 PM
From: marc ultra	Read Replies (2) \| Respond to of 15132

sentiment bulls 58.8 bears 26.3 bulls/(bulls+bears)=68.74 up from 67.01 last week Comment:interesting if we did manage a new high in June I could see sentiment going up to 70% though it may take a while of rallying to get the 4 week moving average there if Bob sticks with that. The P/C 10DMA sits at 0.61 which at extremes has pushed to that 0.50 area. At the moment I'm glad I grabbed my 8% profit in 6 weeks on my Ultrabear hedge or it would be rapidly heading for the red now. At long rates still over 6% and the consumer spending his brains out I think the Fed won't pass on the opportunity of hiking .25% at the end of the month though 50 basis points possibility has diminished to near zero pending future data. Among other things to justify the hike they will look at piddly things if needed such as the rise in import prices that suggests we may be losing lack of pricing pressure in some areas that were caused by the flood of cheap imports. As to the point that's been discussed about Bob thinking the CPI is overstating inflation that has been true but I assume Bob is aware that several corrections have already been made to do away with this problem and I'm not sure what the schedule is for any future adjustments Marc