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

To: MrGreenJeans who wrote (14777)	6/25/2000 10:22:00 AM
From: Justa Werkenstiff	Read Replies (3) \| Respond to of 15132

MGJ: Re: "I missed yesterday's show and will miss day's...if Bob is so bearish, especially for the remainder of this year and next, why is he still 40% in the market?" Fair question. Based on previous shows, the two reasons are (1) lack of willingness in his opinion for the average person to sell; (2) nobody can tell how bad it is going to be (how much greater than 20%) so taxes are an issue. I believe he also considering the soft landing scenario. This is my opinion. It could happen but there is no need to bet everything on a bear outcome in light of one and two above. People will claim he his hedging for his own success. Truth is he is hedging for your success. Who knows? He could change his mind and sell out going forward. This has been a departure from his previous thinking of selling out totally if a bear market is on the horizon. I have made my own decision to be out totally except for cash and bonds because of my personal situation. I have no problem selling and my gains will be short term in nature having already taken my long term gains. You will also recall in the past that Brinker had said that not only would he sell out but that he would short the market in the face of a bear. Yesterday, he said after great thought he would not be recommending shorting it on the show. Who knows? He may do it personally but because of the nature of short selling he did not believe it was for the average person and, perhaps, did not feel comfortable recommending it to a radio audience. I would make the time to listen to the archived show.