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

To: Cynic 2005 who wrote (5052)	5/20/1998 5:39:00 PM
From: Alan Whirlwind	Respond to of 42834

Somehow I just can't see BB coming right out and saying the bear market is upon us while things are still topping out. My best guess is after things start journeying to the center of the earth in a hand basket, he'll get his people out on the dead cat bounce, which would still be better than nothing. --Alan

To: Cynic 2005 who wrote (5052)	5/20/1998 8:21:00 PM
From: Investor2	Respond to of 42834

Re: "However, Bob's failure to see the bubble (about which I am thoroughly convinced) ..." 1. Bob recommended rebalancing our asset allocations (i.e., sell equities) if the huge bull market that we're in has increased our percent equities to an unusually high level. 2. Bob also recommended taking profits in those stocks which because of large runups have become more than 4% of our total equities. (His old rule was 4% on a cost basis; his new rule is 4% based on a market value.) 3. Bob frequently refers to the "mania" associated with some of the high fliers of today, such as the internet stocks, etc. 4. Bob reminds us every week that the market P/E is at a level never seen before. 5. Bob says that market returns over the next few years will almost certainly be significantly lower than the 30%+ returns we've had for the last few years. 6. Bob points out the increasing frequency of callers to his program who want to take money out of CDs and put it into the market. 7. Bob thinks that "no prisoners will be taken" during the next bear market; it will be bloody. Etc., etc., etc. What makes you think he doesn't see the bubble? Best wishes, I2