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

To: Investor2 who wrote (4720)	4/25/1998 9:08:00 PM
From: Alan Bell	Read Replies (2) \| Respond to of 42834

Today's program might just end up being another seminal program. As Mojave and I2 pointed out, BB talked about the headwind and a possible inflection point in 4Q98. He made a few other important points. He suggested that listeners examine their portfolios and check their asset allocations. If they have gone beyond the equity ratio for a given age guideline, he suggested paring them back. He suggested a ratio of 2/3 - 1/3 for people in their 40s and 50s. He said that he had changed his guideline of 4% per a single equity from being on a cost basis to being on a value basis, particularly for the significantly appreciated stocks he has recommended in the past. He said we may be in a short term pullback. While he clearly said there was no change in his recommendation to be invested in the market, he seemed more cautious/concerned than I have ever heard him being. It didn't sound like there was much upside potential right now. There were a couple of questions I would have liked to see him address - He has talked about some stocks with 1999 stories (not just one). Given the possible concern about 4Q98, should we treat them differently than our other holdings when rebalancing our portfolios to the proper asset allocation? I would also have liked to hear him address his current thoughts on interest rates. -- Alan

To: Investor2 who wrote (4720)	4/25/1998 10:38:00 PM
From: mister topes	Read Replies (2) \| Respond to of 42834

That is not what he said. He said there is a possibility of a major inflection point in the market during the fourth quarter of 1998 or later. He emphasized fourth quarter or later so as not to be misquoted has predicting the fourth quarter alone. Evidently he did not emphasize it enough as your post has already misquoted his commentary. More importantly, he offered no possibility of a bear market beginning in the months ahead which should relieve those who are becoming concerned with the current internet stock lunacy.