Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Justa Werkenstiff who wrote (326)	8/27/1998 5:29:00 PM
From: Kirk ©	Read Replies (1) \| Respond to of 15132

How do we eliminate cross-posts of identical info to both BB threads? I leave it to you, Lars and Truman to offer a suggestion. With slow modems....it often takes alot of time to only have it wasted on multiple posts of the same stuff. regards Kirk

To: Justa Werkenstiff who wrote (326)	8/27/1998 6:23:00 PM
From: Boca_PETE	Respond to of 15132

Justa and ALL: One bright side to today's events. With the Russian market down to Zero, they won't have to worry about Y2K :-))) P

To: Justa Werkenstiff who wrote (326)	8/27/1998 10:32:00 PM
From: Lars	Respond to of 15132

*Late Summary 8/8/98* I think Bob was at his best during this show. I found it to be one of the most interesting of all time. The opening monologue was classic Brinker. In the opening Bob referenced that 50s oldie called the "Queen of the Hop". Bob mentioned that our favorite bear wasn't even a gleam in her father's eye in the 50s. We are now privileged to see the folly of the Queen of the Bears, Her Ladyship. As Bob says, "she brings incompetence to a new galaxy". Her sell signal with Dow 5400 in July 96 was on the exact day of the low for the market in all of 1996. Bottom line, as we all know, she missed that gift horse. In less than 2 years we have a 9338 high on the Dow or a gain of 74%. I know. I know. Right now there are lots of nervous nellies and the Dow has declined. The point still stands that she is basically a fool. I enjoyed Bob's discussion of Ralphie. Ralph "flip-flop" Acompora (aka Ralph I'll make you poorer as my portfolio manager friend calls him) was obsessed with TV cameras during the previous week. Bob said that the most dangerous place to be in a market downturn is between Ralph and the TV camera. How true. In Bob's opinion the market will rebound. Perhaps this is even more important to review with current events. Wage inflation is OK. 15 year record oversold advance/decline line. Sufficient liquidity levels in the market. All in all extremely bullish signals. One of his most interesting calls came from a gentleman with $4mm in MSFT and INTC stock in addition to other financial assets. Bob asked him the self-evident question of why don't you diversify, especially since capital gains tax is 20%. The caller wants a $100,000 of income per year. Hello. I don't see any problem there. Do you? Why would anyone risk losing such significant critical mass? I guess the honor of the biggest jerk to call in while I listened was the woman who asked Bob about children learning to invest. She tried to set him up imho. Bob mentioned mutual funds as a good alternative at which time the woman responded that she would have no control over taxes. She became somewhat obstinate and asked why she shouldn't use individual stocks. Her Dad used to read the stock tables to her. So what. Obviously it didn't do any good or why did she call Bob. She was the typical pushy caller Bob has to endure wkend after wkend. I think Bob's call for using mutual funds was right on the money.

To: Justa Werkenstiff who wrote (326)	8/27/1998 10:34:00 PM
From: Lars	Respond to of 15132

*Interesting stats* Source: Kiplinger's House Ways & Means Comm. Green Book Trend to early retirement: 60% by age 62 Life expectancy: Men 81 Women 84 Ratio of workers to SS: Now=3.3 to 1 2025=2.2 to 1 2030=2 to 1 Payback of SS: At age 65 retirement it takes 20 years. By 2005 it will take 30 years. 1980=4 years And drumroll please.. The following point has been mentioned countless times by Bob. I have yet to hear anyone else highlight this point. Budget deficits if social security trust funds AREN'T counted: 1998 $41 billion 1999 $46 billion Hey how about those tax cuts due to a surplus. What a joke. Maybe we should offer Congress a quarter so they can call the clue phone.

To: Justa Werkenstiff who wrote (326)	8/27/1998 10:37:00 PM
From: Lars	Respond to of 15132

* Lars' Clueless Caller of the Week 8/22-23* How about our friend who calls Bob and asks about using a home equity line @ 9.5% to invest in the market. I don't believe this junk. He tells Bob that he thinks he could make 20% and pay off the loan. Bob's response was perfect. It shows his critics what separates him from other people in the industry. He flat out tells the caller that his conscience could never let him allow someone to borrow against their home to invest in the stock market. Bob is one of a kind. He deserves credit for acting in a fiduciary capacity for this guy.