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

To: Justa Werkenstiff who wrote (6355)	8/4/1998 4:46:00 PM
From: Wally Mastroly	Respond to of 42834

The former perma-bear speaks: Michael-the-Metz cnnfn.com >With doomsayers walking Wall Street with apparent impunity on Monday as the Dow fell more than 200 points during the session, longtime bear Michael Metz added his voice to the chorus by warning investors against large-cap onsumer stocks. Instead, he counseled investors to take another look at the oil and utilities sectors -- and the chipmakers -- in what he called a "vulnerable" and "overvalued" market....<

To: Justa Werkenstiff who wrote (6355)	8/4/1998 4:53:00 PM
From: Math Junkie	Read Replies (2) \| Respond to of 42834

Ralph was really pounding the table on CNN/FN just now for a major bottom by October. Unfortunately (or is it fortunately?) his explanations of why this should be so made no logical sense whatever. Sounded like tea leaves to me. I got in a bit too early on Spyders today, but it looks like I got lucky on my transfer of 401(k) funds, which is effective at the end of the day. I had 50% in the money market, and transferred those funds into an S%P 500 fund at a nice discount. I'll say this, though, I'm sure glad I don't use margin anymore.