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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 (4450)4/4/1998 10:15:00 AM
From: RobZ  Respond to of 42834
 
Birinyi reiterated his 10,250 target again last night on W$W. It will be interesting to hear if Bob's targets for the DOW/500 have been adjusted given the sentiment number (some have it at 70%, but this is unconfirmed. Today's Barrons???), Friday's employment report, and a nice rally in the bond market pushing the 30-year bond back down to the 5.80 range. I suspect he that he is short-term bullish on bonds and that rates could go lower (5.5% ???). The man hasn't had a break in a while so I wouldn't be too surprised to see him absent today in favor of one of the dubious co-pilots (Goddess{Buy my book}, Fools{Please, buy our book}, Bill) of the starship.

Cheers,

RobZ