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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 (9356)10/17/1999 6:34:00 PM
From: Justa Werkenstiff  Respond to of 15132
 
Marc: Re: " I would note is on 8/21/87 the sentiment reading reached 76.0%."

Yep, no doubt that is a reason to favor limited downside from here.

Re: "We have an interesting time now where Bob remains bullish and sees us only a few percent from a correction bottom barring a y2k panic, while at the same time there is a lot of fear and trepidation about the market and the fundamentals and Oct history."

NASDAQ is key here. Hard for me to imagine the NASDAQ failing to retest its August lows in this environment. If this is the case, what does this say for the S & P 500 which is 25% technology? It says roughly an additional 2.5% off (10% x .25) in the S & P 500 all things being equal and exogenous issues aside.