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

To: marc ultra who wrote (358)	8/28/1998 7:38:00 AM
From: Justa Werkenstiff	Read Replies (2) \| Respond to of 15132

Marc: Nice post. I smell inflection point to the upside starting today!!! It is too late for Russia to go back to a communist government totally. If things had not changed from the old days, Yeltsin would have met a firing squad last week. They have problems for sure and I feel for them and hope we can help in some manner.

To: marc ultra who wrote (358)	8/28/1998 1:21:00 PM
From: marc ultra	Read Replies (5) \| Respond to of 15132

what Bob's take may be and where we stand. From the peak of the market to about 8000 we have something around 14% at worse. If Bob decides that we remain in a bull market as expected then he may be willing to say by definition it looks like we are in an intermediate term correction rather than what originally looked like a short term correction. The only possible importance of this I think is that I recall once before when a short term correction threatened to turn into an intermediate correction I think he saw this as potentially very positive in the long run but I believe extending things out in time. One nice thing about today is the internet stocks continue to get hit hard which seemed to me important for the health of an ongoing bull market (apologies to holders of these stocks). One thing for sure that could pull this market out of its misery is a Fed rate cut which is becoming more likely by the day and is becoming sorely needed. When the market is not acting as expected I tend to worry that my expectations were wrong rather than try to contort reality to fit my prior expectations so while not panicky I am also not particularly sanguine about the outlook at this point. Marc

To: marc ultra who wrote (358)	8/29/1998 2:44:00 PM
From: marc ultra	Read Replies (2) \| Respond to of 15132

Lots of fear and bearishness around. Just based on a brief look at a number of Yahoo stock threads I follow there is fear and bearish talk like I haven't seen in recent times. Some are talking about selling out heavily Monday morning. If we needed a cleansing of weak hands I think we're pretty much there. As usual the technicians are scaring the hell out of everyone. Monday may be interesting but I assume people following Bob don't have a lot of free cash left at this point Marc