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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 (7479)	8/5/1999 2:20:00 AM
From: Zencone	Read Replies (1) \| Respond to of 15132

Did Bob mention at what level of the S&P 500 that it would be an all out buy as opposed to the current dollar cost averaging recommendation?

To: marc ultra who wrote (7479)	8/5/1999 3:11:00 AM
From: Math Junkie	Read Replies (1) \| Respond to of 15132

<<I do however believe when the history of this bull market is written there is a reasonably good chance July 16th 1999 will end up in the history books as the final top.>> I would have to disagree. Yes, the economy is growing faster than Mr. G is comfortable with, and yes, leading inflation indicators are flashing danger signals, but why is everyone assuming that the Fed's tightening will not succeed in reining them in? Yes, valuations are near all-time highs, but are a possible three 1/4 point moves really enough to turn this into a bear market, as opposed to a correction? Yes, sentiment is very bullish, but this seems to be abating. The thing that worries me, as a possible cause of the end of The Great Bull Market, is that many of our politicians seem all too eager to abandon the fiscal restraint that got us here in the first place. Fortunately, it appears unlikely that these forces will prevail, at least until the next presidential inauguration. After that, anything could happen.

To: marc ultra who wrote (7479)	8/5/1999 7:57:00 AM
From: MrGreenJeans	Read Replies (1) \| Respond to of 15132

Marc I do however believe when the history of this bull market is written there is a reasonably good chance July 16th 1999 will end up in the history books as the final top. Not so sure. There is plenty of cash on the side. Third quarter profits will be excellent and the comparison over the 1998 third quarter will be pronounced. If the Federal Reserve does hike rates a 1/4 of a point it may be seen as the last rate hike of the year and it is already reflected in the bond and stock markets at this time. I suspect we will be revisiting old highs or go slightly higher in the coming weeks / months. Of course if I am wrong my wife may have to take a second job.