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

To: Justa Werkenstiff who wrote (5955)	6/16/1999 5:01:00 PM
From: Kirk ©	Read Replies (1) \| Respond to of 15132

A big new bit of news (see CBS Marketwatch or look on AskRande on my site) was that small biz is going to hire far fewer new workers. Job growth comes from the private sector and this is huge in my opinion. The dropoff was not small either... I also think we get earnings surprises on the upside. I also think if the internuts and high flyers don't come back to new highs right away, but show that heavy casualties were taken, then we don't need a correction as we got good damage in most overvalued stocks... pfe, emc, intc, dell, internets, etc... and the health was restored. I do not think you need to look at the whole market anymore if it is only sectors that are causing the trouble... regards Kirk out

To: Justa Werkenstiff who wrote (5955)	6/16/1999 5:31:00 PM
From: Berk	Read Replies (1) \| Respond to of 15132

Justa: Have you seen any reason for the PRIA downdraft today? Downgrade? Earnings warning?

To: Justa Werkenstiff who wrote (5955)	6/16/1999 5:50:00 PM
From: Investor2	Respond to of 15132

Re: "That concern [inflation] was totally neutralized today for now. Say goodbye to it for now. Say hello to a huge relief rally. ... Now if we get a blow off top, then I will revisit my thinking." If we do move to new highs, as Bob predicts, it will be difficult to determine if it is a "relief rally" or a "blow off top." Best wishes, I2

To: Justa Werkenstiff who wrote (5955)	6/16/1999 5:53:00 PM
From: MrGreenJeans	Respond to of 15132

Valuation Bear Market Have we ever had a valuation bear market alone? No, I don't think so. Busy at work at the moment but was not the 1962 bear or correction a valuation matter. I am sure someone here must know.

To: Justa Werkenstiff who wrote (5955)	6/16/1999 6:18:00 PM
From: mister topes	Read Replies (2) \| Respond to of 15132

I am not so sure we can say no inflation risk exists. #1 the latest CIBCR study shows a very high 4.5% rate of change and 3 straight increases which is not very pretty, especially the 4.5% ROC, highest in years. #2 the beige book today showed ugly wage pressures which no doubt will ruin Dr. Greenspan's sleep again tonight. In addition, workers are virtually impossible to find. No inflation risk? Very bold observation to make based on these facts of life.