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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: Justa Werkenstiff who wrote (22)	8/15/1998 10:42:00 PM
From: DD™	Read Replies (1) \| Respond to of 15132

"I absolutely love these two posts as to why Brinker is absent today: Message 5506303 Message 5506268; As an avid Brinker fan, I probably should have rephrased my statement to say.. "Perhaps Commander Bob has taken some time off to reassess THE RECOMMENDATIONS DERIVED from his timing model in light of the deteriorating technical picture of the overall market." I say this because many now believe, contrary to popular opinion, that lower interest rates mean LOWER STOCK MARKET PRICES. In the absence of inflation, lower interest rates mean a weaker economy and that means lower earnings. Lower earnings means Price-Earnings multiplier contraction and that translates into a lower stock market. The long bond broke out on Friday to the lowest interest rate ever on the 30 year bond. It is possible that we could see the rate on the 30 year bond around 5% within the next six months. Could we be looking at a mild case of DEFLATION/RECESSION? DD