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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?

To: Tim Bagwell who wrote (12551)	3/1/2001 10:53:48 AM
From: Boca_PETE	Read Replies (3) \| Respond to of 42834

I saw one of the original 3 Bears, Ned Rosencranz, on CNBC this morning. He's anticipating a NASDAQ rally back up to the 3000 area. I know most here will join me in crossing our fingers, lags, eyes, and anything else we can find in hopes that Ned will be correct. P

To: Tim Bagwell who wrote (12551)	3/1/2001 12:08:43 PM
From: Rillinois	Read Replies (1) \| Respond to of 42834

Tim Bagwell, Re: In a sense, Brinker warned of this. He talked about the need to avoid the bear by going to cash. That the emotional burden of waiting out the bear was a real price that you pay. It clouds your vision and perception. Do you think that Bob is feeling "the emotional burden of waiting out the bear" with regards to the QQQ's? Do you think his vision and perception is being clouded by this emotional burden? I do and I think it shows in his constant updating of the benchmark lows. He can't objectively analyze the situation. He can only wait out the bear. Unfortunately and/or ironically, he is in the exact situation that he warned against. BTW, the time to have admitted his mistake and cut his losses was early on and not now. He initially blamed ignorant and naive foreign investors for selling U.S. stocks because of their fear of the political uncertainty in this country. Here is where he blew it and started making excuses. Right there is where he should have acted instead of blaming others. The trade didn't work, he should have said that and moved on. The markets are not stupid, the markets were discounting the slowdown not the uncertainty of Gore or Bush. Bob did not want to listen, instead he wanted to blame others. Then came the tax sellers.... Best Regards. Rillinois