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


To: MrGreenJeans who wrote (771)9/6/1998 5:01:00 PM
From: mojave  Read Replies (1) | Respond to of 15132
 
I would say he definitely does not sound as confident as he did when he was pounding the table to buy buy buy in Jan and about a week ago. The interesting thing is he said Russia was essentially no big deal a week ago because it represented such a small sliver of the world's economy, yet the pounding emerging markets and financial stocks have taken as of late is a direct result of the ruble's demise. I think the impact that the Russia meltdown has had is giving investors, including possibly Bob, food for thought going forward into '99. My interpretation of Bob's recent tone is that he believes the market will climb, but downside pain, possibly severe, may occur before climbing out of the ditch.



To: MrGreenJeans who wrote (771)9/6/1998 5:15:00 PM
From: mojave  Read Replies (1) | Respond to of 15132
 
Open question:
Yesterday Bob perplexed me when he said that the Vanguard Fannie Mae Fund had risen 5.1% year to date yet its 52 week high/low only showed a 2% volatility. Does anyone remember his talking about this, and does anyone know how a fund could rise 5.1% when there is only about a 2% difference between its 52 week high/low. Am I missing something?
Thanks,
Mojave (long time listener, but new poster)