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

To: Boca_PETE who wrote (4625)	4/16/1998 12:22:00 PM
From: marc ultra	Read Replies (2) \| Respond to of 42834

Pete, thanks for the summary. I see bullish sentiment around 69% this week despite the little pullback we had. I wonder if this internet craze with XCIT etc. is speculation prior to correction or worse though some of these stocks have been getting positive comments by brokers. Marc

To: Boca_PETE who wrote (4625)	4/16/1998 5:23:00 PM
From: wooden ships	Read Replies (1) \| Respond to of 42834

Pete: Thank you for that masterful summary of the Sheldon Jacobs' speech before the AAII. Certain it is we all agree that it was most kind of you to take the time and effort to recapitulate for us Mister Jacobs' thoughtful market analysis and interesting recommendations. It would seem that long in- vestors, especially, non Star Ship MoneyTalk investors throwing money wholesale at this market to the exclusion of a dollar cost averaging methodology had better hope there is no truth to the twice-told observation that the "market always regresses to the mean." Indeed, one can imagine legion reckless speculators, pre- sently masquerading as momentum investors and the like, now offering desperate supplications imploring that the mean shall move. After all, subject to amendment, has not Brinker cited an overall historical price-earnings ratio of 14 for the S&P 500? Meanwhile, last week Brinker noted that said index is currently banging at the door of P/E 24.