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

To: Investor2 who wrote (5076)	5/21/1998 3:24:00 PM
From: theodore	Read Replies (1) \| Respond to of 42834

I should be in a BB model portfolio III category, however, because of tax consequences I'm hesitant to increase my asset allocation to fixed-income securities. "Procrastination takes time". I recall that BB stated that tax consequences should not be considered but I don't recall what criteria or context he used when making the statement. Do you recall the considerations that BB used or alluded to when he said tax consequences were not germane when selling?

To: Investor2 who wrote (5076)	5/21/1998 4:15:00 PM
From: wooden ships	Read Replies (1) \| Respond to of 42834

I2: Musings on a pleasant spring day- "The true purpose of the stock markets is to make, of the greatest number of men, the greatest number of fools." Even if Bernie Baruch did not utter that assertion, he neverthe- less might agree with it in principle. For now, we have the ascen- dant bulls-- in the one case, paranoid; in the second case, blustery or complacent. The "bad news bears," in Brinker's terms, have been put to rout and "may wish they had never been born." This scenario has held, at least, since 1991 and, arguably, from 1982. Buffett says we have market valuations that do not allow for "mistakes." Brinker reminds us weekly of an S&P 500 P/E that has no pre- cedent in the history of the US stock market. Indeed, there may be no margin for error in this wise. I'm with Captain Kirk. Count me in the ranks of the paranoid-- ever mindful of Baruch's counsel, apocryphal or no, and ever fearful of the dread X-factor.

To: Investor2 who wrote (5076)	5/21/1998 4:26:00 PM
From: edward miller	Read Replies (1) \| Respond to of 42834

Do you think tech stocks are too low if their business doesn't recover at all until 4th Q or later. My opinion is that tech stocks have been promising that 1-2 quarter problems exist, but I think many will soon have to admit that the whole year could be toast, speaking of their profits. With Wall Street so focused on each quarter's results how can you expect investors to support tech stocks? What I expect to see are short-term rallies in a severe downtrend. That defines a BEAR MARKET, at least for those sectors. Buyer beware!! Ed Miller