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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 (3722)	3/3/1998 2:59:00 AM
From: Greg Luke	Read Replies (4) \| Respond to of 42834

I find it curious to hear Bob say, "Most of the money has been made that is going to be made in this intermediate upturn". And then say, he expects a "consolidation" of prices, since the P/E ratio is so high. Why does that all add up to: Expect an Intermediate Downturn? The most optimistic scenerio I can come up with is that the market will go sideways for a couple of quarters until the earnings catch up to the market. So, if you dollar cost average in a sideways market, you potentially will make a modest return on your money. Bob did seemed relaxed during the Sunday show. Yet, maybe I am mistaking this "layback" mood as some deep contemplation going on in his head. Right now, everything is almost perfect in the economy and the U.S. as a whole. Where can it go from here? Well, considering the stock market is based on psychology and performance, I think we are on kind of "psychologically shaky ground". All this talk of early retirement, etc. The Boomers may have a change of heart soon, and give up the big bucks in the stock market, and put the profit into a safer place. I think Bob really wants to issue a sell signal in his heart, but his timing model is telling him "Bull". I even noticed him saying, "if the Markettiming Model is correct" a couple of times. It is like his head is telling him "stay invested", but something inside is saying: "I sure hope other people are not feeling as satisfied with my earnings as I am, and will sell their equities and stick it all into Genny Mae's and kick back into "quiet retirement". Greg

To: wooden ships who wrote (3722)	3/4/1998 4:49:00 PM
From: wooden ships	Read Replies (1) \| Respond to of 42834

Gruntal's Joe Battipaglia, frequent guest analyst on CNBC-TV and tireless bull, echoed Brinker's remarks of late with his assertion that the market will seek new multiples of 25 or so as it steams, first to DJIA 9000 and, thence, to 9400 toward year end. In January, Brinker told us that he was pleased to be a voice in the wilderness. Lately, that "wilderness" appears to be getting mighty crowded as more analysts join the chorus. Is this cause for concern?