Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?

To: Skeeter Bug who wrote (8231)	10/6/1998 5:40:00 AM
From: Bill Wexler	Read Replies (1) \| Respond to of 42834

There's a good reason that guy writes for the Post. He's dead wrong. It is certainly possible for the market to hit 5000 in the current economic climate. it is also possible that everyone at GE will decide to pack it in tomorrow and the stock goes to zero. I place both events at about equal probability. As the market marches forward, its P/E will always appear to "trend" towards the average. Of course the market can swoop between 12,000 and 1,000 inside the next two motnhs and the average historical P/E won't budge much. Stick to the fundamentals. Right now the fundamentals suggest that interest rates will continue lower and inflation is not budging, despite nearly full employment and enormous gains in productivity. Take the long view. Nearly all high-quality U.S. equities are cheap right now. it may not seem that way (it never does at times of maximum fear) but I can assure you (as long as the economic fundamentals remain intact) that a decade from now, this little correction will look like a pimple on the chart.

To: Skeeter Bug who wrote (8231)	10/7/1998 1:31:00 AM
From: mister topes	Read Replies (8) \| Respond to of 42834

As is always the case, major bottoms occur during periods of maximum "bad news" and you can always tell the smart players, because they are the ones who refuse to get caught up in the bad news litany and instead focus on anticipation of the future. Brinker has this bottom nailed absolutely at Dow 7500 and these retests have killed the bears who have completely failed to record new lows as they are relentlessly turned back by the bulls on the retests. August 31 Dow close of 7539 has held like a rock as has S & P 500 August 31 close of 957. This is what Brinker has been saying every weekend in September and October to date. Now all can see what is happening.