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

To: Lone Ranger who wrote (2498)	5/15/2003 6:19:11 AM
From: Boca_PETE	Read Replies (3) \| Respond to of 10065

LR: Thanks for your insights. I appreciate reading them. You make a compelling case for me to increase my equity exposure if and when S&P pulls back to the low 800's. It was interesting yesterday how the 30-Year T Bond rates dropped down through the previous lows to the 4.52% area. I wonder if we will soon find out that the FED was buying them. P

To: Lone Ranger who wrote (2498)	5/16/2003 7:13:20 AM
From: Justa Werkenstiff	Read Replies (4) \| Respond to of 10065

LR: Re: "Remember, all bull trends climb a wall of worry, and there sure is a lot of worry out there." Disagree. vtoreport.com Scroll down to second chart especially. More bullish now than at the December top but slightly lower in price. Negative divergence. Also, reading itself marks intermediate tops and this one seems to be the second highest reading since December 1999. No wall of worry here. boomspeed.com Scroll down again to lower chart at bottom and see the same thing (bulls/bears). More bullish now than at December top but slightly lower in price. It could get more extreme I guess. No wall of worry seen here. No indider buying in stock; record insider selling instead right here at this market level. Executives have been uloading into this rally expecting to make more that way than to hold their shares. This is the smart money. What a great deal these guys have. Print more stock, grant it to themselves and sell it to the public and pocket the money. If these sobs thought they could make more money in the market, they would be net buyers and not net sellers. Also, near or record low cash levels in mutual funds. So, let's see if a wall of worry develops when this thing sells off. Doesn't look promising now.