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


To: Wally Mastroly who wrote (2462)12/18/1997 4:44:00 PM
From: Dave Kahn  Read Replies (1) | Respond to of 42834
 
Nice of him to agree with BOB for the "6 months" and then
putin abig downturn. Of course the Market is not reaching 10,000 either.

Sound like he wants both sides!

DHK



To: Wally Mastroly who wrote (2462)12/18/1997 7:23:00 PM
From: Kirk ©  Respond to of 42834
 
Prudential's bull Acampora sees bear market in '98

I remebeer old Ralph saying DOW $10K in '98 on WallStWeek. Now he says DOW $6K. These numbers are "just" a bit different. Seems like he is now saying, "er....I was wrong a whole bunch. Excuse me."

Why would I believe him now over the equally wrong Lady G who called for a bear mkt on the last day to buy in '96 before seeing the market shoot up?

Once wrong in a major way, I have a hard time taking ANYTHING the person says seriously afterwards. Maybe if he said "some sectors will correct up to 20%" then I'd say "duh, what else is new?" as this has been happening all along and some sectors correct even more such as Semi capital equipment.

I sure hope Bob comes back as he is the only one that has been right all along about the market direction.

regards
Kirk out
suite101.com



To: Wally Mastroly who wrote (2462)12/18/1997 7:54:00 PM
From: sea_biscuit  Respond to of 42834
 
"Prudential's bull Acampora sees bear market in '98"

I wonder what Bob thinks of this forecast?


I guess we will have to wait about 3 weeks to know that. Because Brinker's replacements on Moneytalk aren't going to be helpful -- the fools will tell you, "Go buy Coca-cola and hold it for 40 years"; the Goddess will try to sell you one of her many "piggy bank" books, while Bill Flanagan (the least harmful of the lot, IMO) will refer you to "Barron's" or "Fortune" magazine.

Dipy.



To: Wally Mastroly who wrote (2462)12/18/1997 8:46:00 PM
From: Investor2  Respond to of 42834
 
RE: "I wonder what Bob thinks of this forecast?"

The Acampora story indicated, "He said the Dow could reach a range of 8300-8600, but will likely sell off in the second half of the year, pulling the blue chip index as low as a range of 6000-6300."

Bob thinks the Dow will reach 8300 to 8500 over the next few months. Bob doesn't currently have a forcast for later in the summer, the time at which Acampora thinks the bear will show its face. (What good is a prediction starting six months from now, anyway?)

My point is that Acompora's projection over the next few months is nearly identical to Bob's.

Best wishes,

I2