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

To: mister topes who wrote (120)	8/17/1998 9:50:00 PM
From: gusher	Respond to of 15132

Amen. Good to see you here. Gusher

To: mister topes who wrote (120)	8/17/1998 9:57:00 PM
From: marc ultra	Read Replies (1) \| Respond to of 15132

re:correction, It would seem to me that after the initial 8/4 correction closing low that we have had two tests on 8/11 and 8/14 both on diminished volume and both within 1% of the 8/4 low. It will be interesting to see if we are seeing the inflection point or if more testing will occur assuming the scenario plays out as expected Marc

To: mister topes who wrote (120)	8/17/1998 10:01:00 PM
From: Bearcatbob	Respond to of 15132

Thread, I used to time my runs to listen to Bob in Cleveland. Now he is off the air here but on Real Audio on the net. Based on his last call I have put some money back into the market. We shall see. My brain says that this market has furthur down to go - but my experience says that Bob knows far more than I. Therefore go for it. Bob

To: mister topes who wrote (120)	8/18/1998 9:24:00 AM
From: Lars	Respond to of 15132

To All: >>> Look forward to reading the cream of the crop posting here on this thread. >>> The cream has arrived.

To: mister topes who wrote (120)	8/18/1998 9:50:00 AM
From: Lars	Respond to of 15132

Don, >>> Congratulations on the new Lars & Justa Honors Club Thread. This thread rules and has effectively rendered the original thread a wasteland. I will no longer bother with it myself. >>> Thank you and welcome. >>> Here is some great arithmetic for all members. The Dow 8650 and S & P 1100 buy signal trigger points are designed to fall within about three percent of the final closing lows. So far the closing low in this correction for the Dow is 8425 (2.6% below 8650) and the S & P low is 1062.75 (3.38% below 1100) so these numbers are totally in line with projections. Could we have another direct hit on our hands? :) :) :) :) >>> It appears as though we have a direct hit. To me this is almost not fair. The model is in a league of its own. Unbelievable!

To: mister topes who wrote (120)	8/18/1998 10:28:00 AM
From: Lars	Read Replies (3) \| Respond to of 15132

*Greenspan in T Bills in 1997 WSJ* Mr. Greenspeak kept his portfolio predominately in T Bills last year according to an article in the WSJ today. A spokesman said that he doesnt invest in stocks to avoid conflicts of interests. I wonder if he should just worry about inflation only and not the stock market thereby assuring himself better returns should he decide to establish a position in equities. This is the ultimate irony to me. Here we have a person who worries about inflation constantly and his total portfolio is in bonds. Maybe he should listen to Bob. Ha! Bonds have a part in a portfolio but to protect oneself from the most vicious "tacit tax" of inflation, as Warren says, a person needs to have equity exposure. This information came out now that Greenspeak no longer has his blind trust since he married Andrea Mitchell. The trust was liquidated for financial planning reasons. The portfolio: $2.4mm ST Treas $350,000 MM/CMA $500,000 Norfolk Southern bond $150,000 MA bond I am sure glad to have Bob. I did not sell after Greenspeak's December 1996 speech about "irrational exuberance". It was also nice to hear Bob's commentary. In fact listening to Bob back then was some of the best Moneytalk commentary I have ever heard. Upon further thought, I bet Greenspeak loses lots of sleep over his wife's huge position in GE. HA! Maybe that is why he has this portfolio. Could it be his wife's "irrational exuberance"?