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

To: Allan Harris who wrote (7384)	8/2/1999 9:04:00 PM
From: marc ultra	Respond to of 15132

Allan, thanks for finding that response by Don. I can't swear it was this past weekend but I thought Bob did say something about how we're just rolling around in a range here and haven't made significant progress to the upside for a while. I was watching closely this morning when it looked like we were having a nice move that perhaps could start an approach toward the July 16th highs while the internals were awful with light volume, negative breadth and continued expansion of new 52 week lows. At the same time interest rates are around 6.10% and while some favorable reports might push them back toward 6% I haven't seen signs of significant economic slowing and at the same time inflation does seem to be becoming more of an issue considering this market is still priced to perfection. Marc