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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 (14586)	6/20/2000 9:26:00 AM
From: Wally Mastroly	Respond to of 15132

Batman remains bullish (surprise!), Her Ladyship more cautious: gruntal.com Excerpt: "..These results cap several weeks of similar data that have pushed fear of more Fed rate hikes off the investment landscape. Moderation in economic growth and continued low inflation support my outlook that Fed action is at or near an end. The first quarter?s real Gross Domestic Product (GDP) growth of 5.4% should be the highest reading of the year. Recent increases in energy prices should be reflected in the June CPI, but it is well understood that the Fed cannot control such prices and that, if anything, higher energy costs have a dampening affect on economic activity if sustained over a long period of time. I expect the Organization of Petroleum Exporting Countries (OPEC) to raise output at its late June meeting, pushing energy prices back down to $25-$28 per barrel. The current oil price squeeze is manageable and should be of passing concern..." - garzarelli.com Excerpt: "..Our indicators remain in cautious territory and we are being very careful where we invest. Normally, a rising tide lifts all boats and all sectors do well in a strong bull market; however, this cycle is different and we need to be specific on what industry groups are a good value. We just completed our industry earnings forecasts for 2001 and fine-tuned our industry work based on our new estimates. The results of our work are available for our subscribers. We remain 100 percent invested in good value industries and stay away from most cyclical groups..."