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

To: Wren who wrote (8335)	10/11/1998 1:03:00 AM
From: JF Quinnelly	Respond to of 42834

I noticed that same call, too. I think BB's model underestimates the impact that currency changes and foreign exchanges can have on our markets, despite what the real economy is doing over here. The bond markets are huge, some of the players are leveraged like the hedge funds, and seemingly small currency moves can have a big impact. If Japan's banks do begin to fail, and this is a real possibility, we will definitely feel the impact. Keep in mind that Japan and China have big Treasury holdings and they could sell a lot of them if they need to send capital back home. Money and credit have been evaporating around the world, this can't be good for those who would buy from us and for those we would sell to.

To: Wren who wrote (8335)	10/11/1998 8:39:00 PM
From: Wren	Respond to of 42834

I didn't hear BB much today, but I heard one very interesting call. A caller said that he had heard Bob's call to begin buying in 1982 (while the show was on only in NYC). He said the long rally began exactly one week later. The caller asked Bob if he was as strong with his current prediction as he was in 1982. Bob indicated the major difference between then and now is that the P/Es are higher now. He indicated that the higher P/E is appropriate today, and that he is as strong with his current prediction as he was in 1982.