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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 (14133)	6/1/2000 4:26:00 PM
From: Logain Ablar	Respond to of 15132

Justa But don't bring out Ralphie yet with his Naz 6,000 call Ralphie was on WSW Friday and was long term bullish but short term didn't feel techs were the place to be. Unfortunately if we have another day like today he'll be back out telling us he called the rally and then we'll correct again. Hey valuations are rational. Why I can get QLGC for 50 times this years earnings. Thats better than 200 times. Why Yahoo is probably down into the 300x range. What do you want, single digits. Have a good night

To: Justa Werkenstiff who wrote (14133)	6/2/2000 9:38:00 AM
From: Allan Harris	Respond to of 15132

Re:Where are the techies and chartheads? Triangles and the DOW A close above 10830 today will constitute a breakout of a triangle on the daily chart going back to mid-March; A close in the next few weeks above about 11200 will constitute a breakout of a triangle on the weekly chart going back to the first week of January; A close above 11350 in the next few months (dropping about 75 points per month) will constitute a breakout of a triangle on the monthly chart going back to October, 1998. Strologer

To: Justa Werkenstiff who wrote (14133)	6/2/2000 10:41:00 AM
From: Wally Mastroly	Read Replies (1) \| Respond to of 15132

ECRI/FIBER - future inflation indices lower: While it would be an overstatement to say that price pressures have abated, the recent release of the ECRI and FIBER indices of future inflation reveal evidence of moderating prices. ECRI's Future Inflation Gauge declined by 1.76% to 122.7 in May, slightly below its eleven-year high of 124.9. FIBER's Leading Inflation Index fell for the second consecutive month due to a continuing reversal in industrial prices as well as a strong trade-weighted dollar. These reports, combined with recent CPI, NAPM and U.S. Payroll employment reports suggest that the economy may be cooling off, and that price pressures may be abating as a result. Analysis The ECRI FIG provides a strong and unambigous warning about accelerating inflation. The FIBER Leading Inflation Index is much more sanguine as it gives greater weight to recent weakness in industrial prices. ECRI's index shows greater sensitivity to labor market conditions and is more consistent with general impressions about wage and inflation pressures. Differences in the direction for these indices that were developed to foresee turning points in inflation are difficult to interpret, and one-month movements can easily be reversed or revised away. The ECRI series is probably giving the right directional sign at this time, but the upward trend seems a little too strong. Given evidence from the latest CPI report and other forward-looking data series that are used to construct these indexes, there is little chance that inflation will fall. The odds for a significant acceleration in inflation are increasing, with high levels of productivity growth providing the strongest counter to building wage pressures. With no guarantee that productivity growth will remain as high as it has been over the past year, we can expect the Fed to read inflation indicators as a cause for worry and tighten monetary policy at each of the next two FOMC meetings. dismal.com

To: Justa Werkenstiff who wrote (14133)	6/2/2000 4:28:00 PM
From: Wally Mastroly	Respond to of 15132

Her Ladyship-Garzarelli: >>..With the recent evidence of an economic slowdown, we expect the Fed to remain cautious, but not act as aggressively in raising rates. ..With the slowdown unfolding, bonds are set to rally...>> garzarelli.com - P.S. - Has anybody heard from Ralphie this week? Maybe he'll be on WSW tonight - with Henry Blodget?

To: Justa Werkenstiff who wrote (14133)	6/2/2000 5:44:00 PM
From: Justa Werkenstiff	Read Replies (3) \| Respond to of 15132

Justa pretty much sold out today. Thanks to Bob Brinker and the aggressive use of margin, this monster trade quickly put me into the obscene tax bracket. It goes to show you that listening to the radio can pay off. Brinker gave quite a lecture on May 13th and I am glad I was paying attention. It took me all day without a break to dump my load. And with the government now close to a half partner, I bailed out because the reward was not worth the risk. Am I going to stay long in a wild market when my potential return is close to 50 cents on the dollar for the risk while at the same time paying a margin loan? I don't think so. Do I think the Naz rally has more to go? Yes. But I am heading back to municipals once again and looking forward to some R & R.