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

To: marc ultra who wrote (6602)	8/9/1998 7:32:00 PM
From: Alan Bell	Respond to of 42834

Both days this weekend, Bob has started the program saying that he is bullish on the "over the counter stocks." It is a term that has a bunch of definitions - small cap, micro cap, nasdaq, etc. He didn't define his use of this term and it is not one that he often uses. Does he really mean small cap? If so, why didn't he just say that? -- Alan

To: marc ultra who wrote (6602)	8/9/1998 8:23:00 PM
From: E_K_S	Respond to of 42834

Hi Marc - From my listening to Bob his is still bullish and the buying opportunity continues at 8650 on the Dow with new highs reached latter this year. He is recommending the broder market (i.e. Wilshire 5000 index). The Vanguard fund that best represents this approach in the VTSMX The Vanguard Total Stock Market. He further stated that we probably will test the most resent lows of 8560 (close) on the Dow and then move higher from this point (+/- 3% from his Buying point 8650). He did raise his 1998 S&P earnings estimate to around $50.00 which I believe is an increase from his previous level of $48.00. I have read other analyst (i.e. Argus Research Corp.) that recently revised their S&P estimate earnings for 1999 to $50.50. I think Bob may have mis-stated this today. I believe he may have meant that the $50.00 earnings should be for 1999. This represent a 6% increase in 1998 earnings which is in line with his overall growth expectations. ===================================================================== I am interested in what other's may have heard for Bob's estimate for the S&P 1998 and 1999 earnings. In the same research report from the Argus Research Corporation they have recently (August 1998) reduced their 1998 S&P earnings estimate from $48.05 to $47.00. They maintain their 1999 estimate of $50.50 which represents a 7.4% growth rate for 1999. Their new 1998 growth estimate (full year) was reduced from 6.5% to 5.3%. They see a slow down in the second half of 1998 and Mr. Brinker sees a sustained rate of just above 6%. EKS