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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Skeeter Bug who wrote (74977)	2/1/2000 2:09:00 AM
From: Simba	Read Replies (1) \| Respond to of 132070

Skeeter: Thanks for your response. Interesting that I came to the same conclusion as you did about Bob. I started listening about a year back while driving around during weekends. Initially, I thought he was espousing some good ideas on DCA, and diversification. But when he started making fun of some well respected bears just because he was bullish, I thought he was just another sales guy. The people who call in to his show are the mom and pop variety and rarely of the caliber of people who post here. He used to take extreme pleasure when some caller called in and said so and so broker asked them to invest in some mutual fund and they lost 50% of their money. He is a vehement indexer kinda like BGR on this thread. The other thing, I disliked was that he would call any guy who says he is trying to a time a stock as being foolish, but he claims to have timed the market entry in Oct 98, and now the exit on Jan 14 with glee and calls his newsletter the Market Timer. Anyway, the guy was extremely bullish using all the new era myths such as productivity, inflations until Dec 99 and on Jan 14 he asked all his "trekkies" to bail - reduce US Market weighting to 25% stocks and 15% stocks in international. He is 60% money market. He may have got the timing on this one by luck or chance, but to say that the economic background has changed within a month is rather dishonest. Simba