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

To: Mr. BSL who wrote (12687)	3/22/2000 9:55:00 PM
From: marc ultra	Read Replies (1) \| Respond to of 15132

Mr BSL re<<<< The Feb 25 S&P500 close was justa bout a 10% correction off of the 12/31 close and 10% corrections have not been all that common in the bull run since 10/90. Therefore, Bob's model was dead on when it signalled a risky market a few months back. However, it appears that the risk has now passed IMHO.>>>> You make good points but I guess I have to consider two facts. 1) We are only 2% above the 12/31/99 close on the S&P. Given Bob's call and the high bullish sentiment it's hard for me to throw the towel in just yet. I'm not sure how seriously to take the last two days. I'm a little leery that we may be seeing a little reflex rally after the Fed decision that may not have staying power. I guess I'll keep watching closely for a little while and if you're right and we're ready to run some more I'll probably have to cry uncle and cover my SPY short position at least. Thanks for your views. What started as a great year for me is threatening to turn to pond water down the road. Marc