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

To: dougjn who wrote (1960)	11/1/1997 12:52:00 AM
From: mister topes	Read Replies (2) \| Respond to of 42834

An eleven percent correction in the S & P 500 Index a major event? You must be kidding. This falls precisely within the guideline of a short-term correction of up to approximately ten percent that Brinker has said for the past decade on the radio is perfectly normal and health restoring in an ongoing bull market. Frequently such pullbacks result in buying opportunities during the inevitable testing phase and don't be surprised if exactly that occurs during November. As of November 1 the S & P 500 has corrected 7.3%. If you think this is a big deal then you obviously know nothing about investing. Did you actually think stock prices only go straight up all the time? You have no idea what you are talking about if you do.

To: dougjn who wrote (1960)	11/2/1997 7:08:00 PM
From: Glen Hansen	Read Replies (1) \| Respond to of 42834

dougjn, I sure coultn't agree with "blew it big time" and "major downturn." Bob has been consistent in saying that he expected a correction and that the market would be bumpy with a lot of fill and back-fill before it closed higher at year-end. It was my impression that 10% or event a point or two over could still be interpreted as a minor correction. In fact, corrections of 10% to 20% are considered to be intermediate corrections. Historically, both minor and intermediate corrections result in prices, within days or weeks, hitting new highs. Appreciate your point of view, just can't agree with it. gh