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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 (404)	8/28/1998 4:50:00 PM
From: Justa Werkenstiff	Respond to of 15132

More on Intermediate Term Correction "You can get an intermediate correction which is a correction defined between several weeks and several months on the magnitude of less than 20% but more than 10%. The bear market is generally 20% or more." The issue: how long will this intermediate term correction last and is it the precursor to the bear market? I do not see how the Brinker model can be anything but bullish at this point unless we are going into a recession based upon international events. I don't see that at this point. This looks more and more to me like a psychological correction of investor expectations.