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

To: MrGreenJeans who wrote (764)	9/6/1998 10:23:00 PM
From: Justa Werkenstiff	Read Replies (1) \| Respond to of 15132

MrGreenJeans: Re: "Please speculate as to why he is not pounding the table. I would think he would be." Okay, so long as everyone realizes this is just speculation. I reserve the right to change my thinking <G>. Brinker always has to talk to his audience and his audience is your average guy on the street. He knows that the correction exceeded his projection of 10% and realizes (now perhaps) that many in his audience were somehow counting on a 10% correction in the management of their investments. He now fully understands that this is not a normal correction and it carries some unique risks that cannot be discerned with accuracy. During the past few weeks, you have heard Brinker state over and over that the market will do what the market will do without ever consulting him. What institutions are doing is selling first and asking questions later. So perhaps Brinker does not want the investor to do anything rash. Perhaps he does not want to build expectations in his audience to such extent that they are looking for a quick trip to the moon. Otherwise, if there is greater volatility than anticipated he is concerned that the average person might sell out during one of these periods after seeing a big disconnect between Brinker's exuberance and the ticker in the short term. Nothing wrong with lowering expectations a la Microsoft and then exceeding them to the upside. Also, perhaps he wants investors to fully comprehend the risks associated with equities and to think first. We have heard him go over this several times in the past few weeks. One thing I do know is that Brinker has changed his tone for a good reason and to fully understand the reason(s) we must look at the situation from his shoes and not solely from our perspective as the audience. So why some may think he has simply somehow been humbled by the market, they may want to walk a mile in Brinker's shoes and think again about other possible explanations. Thank you for your contributions to this thread.