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

To: wooden ships who wrote (2734)	1/11/1998 7:28:00 AM
From: Boca_PETE	Respond to of 42834

Truman: Brinker portrayed the US economy as a giant supertanker on a course that's hard to change. Currently that course is a good one (falling inflation and interest rates, slow growth, low unemployment, reasonable job growth, ....). The fundamentals seem to be there for continued progress if the FED allows short-term interest rates to drop somewhat. The potential events of abandonment of the HK$-US$ peg and China devaluation could produce an even greater short term buying opportunity. On yesterday's program, Brinker did not predict the low point of this test of October's lows. However, in recent past tests of lows from 10% corrections, I remember Brinker expressing that such closes below the benchmark low were to be viewed as an even greater buying opportunity. I believe last April's gifthorse number was below DOW 6600. Should the events you describe produce a short term test in the mid 6600, I'd bet Brinker would use the word "Gifthorse" again since market P/E's would be undervalued at that level. Besides, maybe the price of that new car I'm going to need this spring will decline as a result of the events you describe. Also, other Japanese electronics prices could drop for those looking to buy VCR,s, tape recorders, TV's ... As to Brinker's exuberance level yesterday, I remember him being that bullish on his program in August 1982 at DOW 777. Too bad I wasn't smart enough then to act on his advice. I remember smuggly thinking to myself at that time, "who is this whipper snapper who thinks he knows what the market is going to do?" The rest is history ! P

To: wooden ships who wrote (2734)	1/11/1998 10:46:00 AM
From: Allan Harris	Respond to of 42834

>Our US stock market may have adjusted to current Asian conditions, but the aforesaid scenario may not be, in my simple mind, presently discounted. I think part of the problem with the entire Asia region is that they transact all their business, including stock trading, in the middle of the night. Allan, King of France