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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 (636)	9/1/1998 6:29:00 PM
From: Justa Werkenstiff	Read Replies (1) \| Respond to of 15132

Mutual Fund Outflow Yesterday, all US equity funds had a 2.0b outflow. Previous day was like .5b. Liquidty Trim Tabs: "WE HAD A HEFTY TWO BILLION DOLLAR OUTFLOW ON MONDAY, NOT SURPRISING GIVEN A 14.1% DECLINE IN THE AVERAGE NAV OF US EQUITY FUNDS SINCE MARGIN CALL STARTED AUGUST 26TH." NOTE: Watch Charles Biderman on CNBC Squawk Box tomorrow morning at 9:45a.m. Eastern time or 6:45a.m. Pacific time for details on fund flows.

To: marc ultra who wrote (636)	9/1/1998 8:35:00 PM
From: Justa Werkenstiff	Read Replies (1) \| Respond to of 15132

Marc: "Yeah we may have some testing and probing and all that garbage down the road but we are in a bull market." The key to the market action over the short term IMO is to answer the question: What international economic and politcial news has the market discounted in this correction thus far. I think the Russian default is definitely in the market and then some. But how about Russian political collapse? Japan melt? The Starr report and implications for a Clinton presidency? More emerging market melt in Laitn America? The implications of a cross-dressing Lars? Re: "We will know we are headed into a true bear market when the great almighty Bob Brinker says we are." Yes, and we respect the man and his analysis on this thread. We know when he has been off the mark and ask why that might be the case and realign our thinking accordingly. Our thread is not littered with jealous wanabe Brinkers who only show up when the market turns down to insult the intelligence of the thread by alleging that Brinker listeners cannot think for themselves. We do not give a rat's behind about Brinker's mea culpa for some error for we understand that Brinker is not perfect but he is definitely head and shoulders above any SI poster. And that is an understatement for sure. We will not be distracted by such nonsense here on this thread so long as Lars is armed and dangerous and wearing hot pants. We want to help one another here and share thoughts in that endeavor and have some fun. So far, so good. And Lars and I want to thank everyone for helping us here to make this thread what it is today.

To: marc ultra who wrote (636)	9/2/1998 8:20:00 AM
From: Wally Mastroly	Read Replies (2) \| Respond to of 15132

Nice call on both Meltdown-Monday followed by Turnaround-Tuesday. Still think you made a good call - even though such a bounce back is indeed typical. Now we need to verify that yesterday was not a One-Day-Wonder. I don't think it was - not with that volume. I think the wiser investors bought the sale prices because they thought the big sale may be ending shortly. With this volatile international situation & wonderful Willie still foolishly refusing to apologize to a public begging for same, smaller "sales" could of course be seen without notice. (Slick Willie just missed another chance to use the word "sorry" in the Russia news conference. Perhaps its not in his vocabulary). I agree that we are not in a bear market (not just because all 3 major indices did not drop more than 20% on a closing basis). Take care, Wally