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

To: Joe Basile who wrote (4122)	3/14/1998 4:25:00 PM
From: May Lee	Read Replies (2) \| Respond to of 42834

Can anyone help me ? I was trying to listen to Bob today. But KGO has a telethon going on. So I was trying to listen to it thru my computer. I click on Moneytalk and San Diago radio station. Then I click on "Listen" But then a message pop up and it says "You have selected a document with a content type of audio/x-pr-realaudio. No helper application is defined for that type. Would you like to set up an application to present this type of document ?" I said "Yes". And the next screen is "Select application". And I did not know what to do anymore. I don't know which application to choose and I just had to stop. Can anyone tell me how to get the audio ? Thanks very much.

To: Joe Basile who wrote (4122)	3/14/1998 6:58:00 PM
From: Joe Basile	Read Replies (10) \| Respond to of 42834

Saturday, March 15, 98. My notes from today's program. I hope it is useful. Inflation outlook (a critical item for investors) is extraordinarily favorable. Over the last 12 months, inflation rate has been 1.5%. Producer prices (formerly wholesale prices) fell 1/10 of 1% in Feb.. Falling energy prices due to El Ninjo and the Asian crisis (less factories running) have slowed the consumption of energy. Cost of PC's came down a whopping 6% in the month of February. As to current PE levels, they are at 22.75 based on 1997 estimated earnings, a record high. The record high levels are due to fundamental underpinnings..ie low inflation and interest rates. PE's may go even higher, "but not to the moon".. A PE unit of 1 equals a 5% rise (or fall) in the market. Percentage of advisors (with an opinion) bullish = 64% Anything over 70% raises flag of caution. Bob still recommends dollar-cost averaging over a 12 month period into the market at these levels. The outlook for "the European theater" is favorable. Bob is comfortable buying in at current levels. Japan should not be an area of concentration, the Asian problems will probably affect Japan in a negative way. The Asian meltdown has caused a "flight to quality"...which is buying blue chips and US Treasuries, including GNMA's. A caller asked "Is the Nasdaq 100 a good buy since its down 5% ? " Bob explained that that index has dropped due to the announcements of Intel, Motorola and Compaq. "I would stay in this market (the total Market) and be mentally prepared for backing and filling of a few percentage points followed by new record highs. He had some fun re-citing some of the Harry Kary (sp)? "Harryisms" when he called baseball games! Bob thinks a good possibility of a buying opportunity could occur in 1998. "Its hard to say exactly when that might happen". He talked a bit about how tired he is of Washington spouting a budget surplus. He says the surplus does not exist. "What they are doing is counting the Social Security fund as surplus". He was apparently annoyed with this. One guy called in hawking whole and variable life insurance policies. Bob was saying they were no good, and that term insurance and index fund investing is much better. The caller continually tried to convince Bob that these were good investment vehicles. Bob said: Andy, what do you do for a living ? The caller replied: I sell Life Insurance. Bob: Thank You, that puts the call into its proper perspective. It was great ! He re-stated that "we have no money in the "Asian theater". No Rillinois, he did not put any SPIN on it !! He made an interesting point that mutual fund investments dollar cost averaged at the end, or very beginning of the month have done statistically better than those dollar cost averaged at other times of the month. He re-iterated to a RICH caller to Spend the money. "the biggest mistake people make is to DIE before they spend the money. He once again recommended the book "DIE BROKE", re-stating some of its principles. One caller wondered if he should borrow money to pay off $120,000 on a house when he had 580,000 in cash. I need not tell you bob's response to this one !! Responding to a caller t who owned a cotton seed stock (which apparently repelled Bowevils (sp ?) wow !) with a PE of 400 Bob said: "It is healthy to be skeptical and paranoid of the market, or stocks. Only the paranoid survive. I'm paranoid when the market opens, when the market closes, I'm always paranoid". He said he expects the large caps to continue to lead the rally, and while small caps will participate, they will not lead. He commented on how he has been able to up his target for the market continually throughout the bull run. He said, we could be looking at a market that will keep going up and up and up. "That is not a prediction, but it is a possibility". We have no way of predicting the final top of the bull run. "We have had the Bad news bears the whole way. Beware of the bad news bear". Responding to another caller, he spoke of the collapsed currencies of Thailand, The Phillipines,Malaysia and Singapore. He said it would take a long time to recover from, and that it cost's those countries a lot for imported products. Also, Japan, China and Hong Kong currencies are not much affected. The Hong Kong currency is tied to the US dollar. He was impressed with Valpariso's (sp?) 2.5 second drill. "That is the best I've ever seen. That was incredible" !!! Have a nice weekend, Joe