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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?


To: stock bull who wrote (7331)8/29/1998 9:52:00 PM
From: wooden ships  Read Replies (2) | Respond to of 42834
 
Stock Bull: These are worthy points you raise. During my listening
today, a seemingly more subdued, less animated Brinker character-
ized the market downturn as no more or less than a mid-term elec-
tion cycle intermediate term correction and a buying opportunity
for patient investors. If Brinker foresees a bear clawing the mar-
ket down more than 20% from its major average highs, he said
nothing today to indicate that he did within my listening.



To: stock bull who wrote (7331)8/30/1998 12:01:00 AM
From: Trebor  Read Replies (1) | Respond to of 42834
 
>Does this then mean that Bob's model missed the bear market call?<

What I heard today is that Bob's indicators (i.e. inflation, interest rates, money supply, valuation, etc) are all showing a green light for a continued bull market, but that clearly other forces are at play here, namely unforeseeable global events that can never be factored into anyone's model. What I get from this is that it's not enough for the U.S. economy to be almost picture perfect -- the rest of the world can drag us down if their situation gets bad enough. IMO, it would behoove us to not allow that to happen.