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

To: wooden ships who wrote (7339)	8/30/1998 12:58:00 AM
From: DD™	Read Replies (2) \| Respond to of 42834

TB: Cogent, yet articulate post as always. I too noticed a hint of reticence in Commander Bob's voice today. He seemed to be blindsided by the activities on the markets this past week, if only in vocal tone. I feel, at this juncture, that the one thing that he is overlooking is the ability of corporate America to generate sustainable earnings growth going forward in a no-growth, perhaps deflationary environment. To say that one should overlook the possibility of a bear market during declining interest rates may, in hindsight, be the Achilles heel in Brinkers timing model. If I can recall, the period in which the A/D line began deteriorating (April) was about the same time that S&P earnings growth was projected to fall from a robust 13% to 1-2%. It was at that time that the institutional managers began lightening their holdings of common stocks, and the "buy the dops" mentality slowly disappeared. Regards, DD

To: wooden ships who wrote (7339)	8/30/1998 5:24:00 PM
From: wooden ships	Read Replies (1) \| Respond to of 42834

As a point of information only, in the matter of the distinction between a bear market and a "nasty correction," herewith is the opinion of one Charlie Crane of Key Asset Management. While definitions of a bear market vary, most use 20 per cent as the threshhold, meaning Nasdaq is already in the ballpark. But that simple definition falls short for some. There are plenty of people who are using that phrase, said Charlie Crane, chief market strategist at Key Asset Management. "I don't think we're in one. The thing for me that distinguishes a true bear market from a nasty correction is duration." The rest of article may be found at: biz.yahoo.com As an aside, some would say that heat is an inevitable by- product of light. During these "interesting times" for the market and for the world, this thread, while dispensing a measure of heat, has also cast much light upon important matters at hand. Indeed, it could be argued that, within the interplay of light and heat, truths may be revealed. In any case, certainly, most might agree that writers of good faith, regardless of their market persuasions, are always welcome here.