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

To: geode00 who wrote (19474)	10/6/2003 3:55:06 PM
From: Tim Bagwell	Read Replies (2) \| Respond to of 42834

Resistannce in vicinity of DJIA 9600 still appears to be a significant factor in the future of this market. I wonder if we will see a return to those bubblicious days when the Naz steams ahead with no regard to valuations leaving the blue chip index to just stall? If that's the case then future gains may be dominated by the higher risk portion of the market. Said another way, maybe all the easy money has been made in this rally.

To: geode00 who wrote (19474)	10/6/2003 4:13:57 PM
From: Tim Bagwell	Respond to of 42834

There was no need to take such outsized risks except to inflate his ego Brinker certainly could have saved his reputation by admitting his poor judgement and acting a little bit human. Instead, he tried to hide his head in the sand and pretend no one could see through him in a vain attempt to hide his serious lack of knowledge and skill. Brinker must have believed that the less said about his failings the better off he'd be. He probably had legal advice to the effect that he should say nothing. It's lousy PR advice but helps to keep his guru image burnished. He probably knew that he would simply have to write-off his old loyal supporters who were now furious and focus on roping in a whole new flock of suckers who were clueless. And why not, when pressed against the wall Brinker knew he could count on the one skill he does seem to have mastered...fool the crowd into thinking you know a lot more than you really do.