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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 (10140)	11/30/1999 11:17:00 AM
From: Ian@SI	Read Replies (3) \| Respond to of 15132

Ed "the buffoon" Yardeni turns bullish. And I didn't think he'd act before 1Q2000. +++++++++ November 30, 1999 Economist Yardeni Turns Upbeat About Effects of Year-2000 Bug By a WALL STREET JOURNAL Staff Reporter WASHINGTON -- Edward Yardeni, chief U.S. economist of Deutsche Bank, says he is more optimistic about the economic consequences of any year-2000 computer-programming glitches. Mr. Yardeni had said the Y2K bug would cause a "severe" U.S. recession in 2000. In an e-mail message to clients Monday, Mr. Yardeni said he is "feeling more optimistic and bullish about the future beyond the year-2000 problem" and expressed tentative support for the theory that the Dow Jones Industrial Average could climb to 36000 in five years. He made no mention of a possible recession. "No, I'm not on Prozac-yet," Mr. Yardeni wrote. "But, as I said, I am getting into the holiday spirit." He said he has "been spending too much time this year worrying about what could go wrong. Instead, everything has gone very right." He couldn't be reached for elaboration. Mr. Yardeni has often been ranked among the country's best economic forecasters, having accurately predicted the bull run in U.S. stock prices in the 1990s. He turned bearish in 1997, becoming one of the first economists to draw attention to the danger posed by Y2K computer problems.

To: Justa Werkenstiff who wrote (10140)	11/30/1999 11:36:00 AM
From: Allan Harris	Read Replies (1) \| Respond to of 15132

Another way of acting on Batman's analysis is to ignore him and do your own due diligence and purchase timing decisions. I am surprised you did not think of that one. Good advice, Justa. It was not my intent to exhaust the possibilities of dealing with Batman's latest ideas, but in the end, your suggestion set out above would be at the top of my list. That goes for Brinker and Birinyi as well, although all three have been more right then wrong for as long as I can remember and their current market views are always worth noting in the grand scheme of things. A