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

To: May Lee who wrote (2029)	11/8/1997 11:58:00 PM
From: Tim Bagwell	Read Replies (3) \| Respond to of 42834

I listened to 2 hours of the show today. I must say that Bob seemed happier than usual for some reason. At least this is the feeling I got from the tone of his voice and the playful way he was addressing people early in the show. Bob's views on the market have not changed from last week or the week before etc. The S&P500 P/E is still too high for an outright buying opportunity although Bob hinted (last week) that this may change later this month. He feels that the market will spend the month attempting a retesting of the lows. A successful retesting would be considered to occur within 2-3% of the low of 7161 on the DOW and 877 for the S&P500. His projections of DOW 8500 are still on for the year. Bob spent a few minutes with one caller talking about the Vanguard GNMA fund and how much he likes it. That's not new though. He also talked about Intel and semi's a bit. He reiterated his view that the semi equipment industry will have good years in 1999 and 2000. He feels that 1998 could be slow and the Intel may even have declining earnings in 1998. He said that investors in these stocks will have to be patient. He feels that the P/E of Intel is still high but that the stock has retested its low (around 69) and that he expects it to hang out in its present trading range for a while. No change on the UTEK recommendation. Good luck, Tim