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


To: Wren who wrote (923)9/12/1998 2:30:00 PM
From: stock bull  Read Replies (2) | Respond to of 15132
 
Wren, I heard the same thing. Further, all the guests were describing this as a Bear Market, not a Correction. So, if they are correct, we are going to see another 700, or so, point drop in the Dow.

It's starting to seem that Bob Brinker really missed this Bear's/Correction's magnitude, and possible duration. Those that bought on Bob's original buy recommendation may end up getting hurt...sure hope not.

Let's not forget, the guests on WSW (Wall Street Week) may also be wrong in predicting a continued correction of 5 to 10%. The thing that gets me is that our markets are now being driven by the foreign markets. (Let's forget the Clinton situation for a moment.) We can't seem to influence the events going on overseas, so we are now going along for the "ride". I don't see the volatility going away, and Bob Brinker said we need to retest the lows, on lower volume which doesn't seem to be happening. In fact, we appear to be testing the lows on pretty strong volume...6 to 8 million shares trading per day.

Comments appreciated.

Stock Bull