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

To: Justa Werkenstiff who wrote (1259)	6/17/2001 2:30:33 AM
From: Math Junkie	Respond to of 10065

Seems like a lot of people are getting a delayed reaction when they click "Publish Message" and so they click again, and that results in a duplicate post. Is that happening to you too? One thing that is clear is that in spite of the recent bullishness, there does not seem to be enough confidence to take new warnings in stride. So that would tend to argue in favor of your expectation for continued weakness for the next couple of weeks. The expected Fed rate cut, or possibly a greater than expected cut, may tend to mitigate that, but I wonder if investors are noticing the extent to which previous cuts have failed to "work," resulting in their having even less immediate impact on the markets. Recently I saw a CNNFn reporter asking a floor trader what seemed to me to be a pretty intelligent question, namely, if everyone knows when earnings warning season is, and that earnings warning season is coming, why is it that people still react to it when it happens as if it is new news? The floor trader didn't have much of an answer other than commiserating, but in thinking this over, it has occurred to me that although we all know ahead of time that warning season is coming, what we don't know in advance is whether things are going to continue to deteriorate or whether the quantity and depth of bad news is going to ameliorate. So far it appears it has not abated much, if at all.

To: Justa Werkenstiff who wrote (1259)	6/17/2001 7:59:53 AM
From: J. M. Blackburn	Read Replies (1) \| Respond to of 10065

Justa: I tend to agree. The consumer will not easily open his wallet under these conditions. What I can't figure out is why is housing still up? Homes in my area are still selling in a few days and for more than the asking price. People are still buying much larger homes than they would normally, in my opinion. I know, interest rates, but you still have to make the payments. Housing in the Northeast could take a big hit like it did 10 years ago. biz.yahoo.com I'm very happy to again read your posts over the last few months. Welcome back. Jim