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


To: Boca_PETE who wrote (7370)1/13/2013 7:58:07 PM
From: Investor22 Recommendations  Read Replies (1) | Respond to of 10065
 
From her website:

1996Became bearish using Commerce Dept’s tax-return earnings months before. Greenspan made his “irrational exuberance” speech. Commerce tax-return earnings declined from 1997 to 2001, while S&P 500 shareholders earnings advanced; the market incorrectly followed shareholders earnings higher. Such earnings were falsely inflated by including phantom profits and fraudulent practices. This was finally brought to a head with Enron and S&P issuing a “core earnings” measure in 2002. The market created a bubble that eventually burst.


That was the time when Bob remained bullish, in fact he even called a gift horse buying opportunity of which I took full advantage!

(That was 17 years ago! The "glory days" of the gift horse buying opportunities in the early- to mid-90s are sliding farther and farther into the past. :))