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


To: Rillinois who wrote (11684)2/3/2000 6:11:00 PM
From: Hank Stamper  Respond to of 15132
 
To all:
From another thread--Fed rumored to meet to discuss margin requirements.

If this is true, then it leaves me wondering if the Fed is simply not satisfied the Mr. Market's decision to take another hit of crack rather than accept the warning about the over-heated economy.

Message 12766479

Ciao,
David Todtman



To: Rillinois who wrote (11684)2/3/2000 6:42:00 PM
From: Boca_PETE  Read Replies (2) | Respond to of 15132
 
Rillinois: RE: <"reduced my equity exposure back at DOW 9600 (approx.) because of Bob's cautious statements on the air."

I can't and won't blame Bob for this when his advice throughout 1999 was to remain fully invested. Therefore I take full responsibility for my premature partial action. At age 58 having 100% allocated to equities at the time (using phantom assets to justify this aggressive posture), I felt it was prudent to take some money off the table at a time when Bob warned that "distribution" was taking place. I have not regrets for the gains I forfeited on the removed portion, net of money market returns thereon.

Moreover, in my judgement, it's much too early to judge Bob's Jan 8, 2000 call. Talk to me 8-24 months from now and we can have a rational discussion about it. We all know Bob is not God as evidenced by his bum call on UTEK, so save your fingers.

P