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

To: Wally Mastroly who wrote (11785)	2/8/2000 12:19:00 PM
From: Allan Harris	Respond to of 15132

From the Bob Brinker: Market Savant & Radio Host archives, March, 1997: =================================================== I didn't hear the whole show today, but I did hear his comments after the 4:00 news break. To paraphrase what I heard: The large cap stocks of today are acting just like the "Nifty Fifty" of the 1960s and early 1970s, i.e., very high PEs. The Nifty Fifty period was followed by the severe two-year bear market of 1973-74. ====================================================== Warren Buffett believes the U.S. stock market is "overheated" and says that "the overpayment risk ... in our opinion, may now be quite high for the purchasers of virtually all stocks." The legendary investor made the comments in his annual letter to Berkshire Hathaway shareholders, an advance copy of which was obtained by The Wall Street Journal Interactive Edition. Several points/conclusions that I took from Bob's comments, which deviate a bit, I do believe, from your assessment: 1) Bob caled into question Buffett's "trying to time the market", when he, Buffett has traditionally been a buy-and-hold advocate. ====================================================== dan, it is nice to hear from you again.....even if we "believe" the show is one sided at least all of us value ALL opinions on this thread......lars ============================================= A