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

To: Lars who wrote (688)	9/3/1998 9:34:00 AM
From: DD™	Read Replies (1) \| Respond to of 15132

Lars: I know this guy. I've communicated with him for several years via email. He has made multi-millions in the market, starting out on the street, then going on his own as an individual trader. He has over 30 years of experience, so he knows the ropes, has international connections, etc. etc. Very provocative insights. DD

To: Lars who wrote (688)	9/3/1998 10:22:00 AM
From: Kirk ©	Respond to of 15132

I dont see how one sector will pull down a $9.5 trillion market. If the banks fall on hard times it will hurt but can it pull down the whole market? I would appreciate anyone's thoughts on this matter? I am by far not an expert. Lets see. Back in July I was selling some company stock at $75 and $78 to buy a stepper company and have some cash. It went to $82 and I considered pulling a bunch out and maybe remodeling my kitchen or getting new windows. I took a day off work to get some shares and it dropped to $70 so I said "wait and see". I waited and it is now selling at $49.50. I don't think I will remodel this winter. The whole Silicon Valley is full of remodels and building, probably paid with money that was already out of the market. I doubt there will be nearly as much building next year unless the market turns soon. HWP, UTEK and AMAT are sure not putting in any new buildings and even Jerry Sanders has been quiet of late. The point is, thanks for reminding me, much spending in the US is from consumers feeling great about their net worth going up so much so they take a bit off the table to enjoy. regards Kirk

To: Lars who wrote (688)	9/3/1998 11:11:00 AM
From: Wally Mastroly	Respond to of 15132

Agree that 1 sector alone can not bring down the U.S. economy. I still think the U.S. economy is strong & I'm trying to remain bullish, but a couple things don't bode well for the U.S. economy. Our primary trading partners (Canada, Mexico, Latin America) as well as Japan are obviously hurting. If they stop buying from us we will feel their pain (unfortunate use of Slick Willy' s words). A couple of Japanese companies (Hitachi & Mitsubishi Electric) are closing U.S. plants. Productivity/technology improvements, low interest rates, high U.S. employment & strong U.S. consumer spending continue to fuel our bull market. However, if the prevailing negative sentiment starts to significantly affect U.S. consumer spending,the bear may be really out of the woods & into the market. Let's hope that we haven't run out of gas yet. Re: productivity,etc. - see link: usatoday.com Now - back to cross-posting, before I depress even myself....