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


To: Kirk © who wrote (8781)11/25/1998 2:14:00 PM
From: MrGreenJeans  Respond to of 42834
 
A Thought


To all those that took Bob's advice: You will probably be planning a very festive Thanksgiving dinner.

To all those that did NOT take Bob's advice: Get to the soup kitchen early to insure a place to sit.

Happy Holiday to All!




To: Kirk © who wrote (8781)11/27/1998 11:17:00 AM
From: Cynic 2005  Read Replies (2) | Respond to of 42834
 
Kirk, congratulations on your call. It would have been interesting to see how the market would have shaped-up if the Feds did not intervene with the markets. None of the perma-bulls have that factor in their equations so I continue to believe that people like Bob, Abby C are right for the wrong reasons. BTW, I still believe that 10k is a pipe-dream. I have been looking at my unorthodox indices of investor temperment. From cocky bulls like Bob Brinker and Abby Jo, to internut manias (which the likes of Abby would like us to belive is "fundamental" discounting rather than a mania) to bears throwing towels all systems are go for a waterfall decline of 20-25% before the year closes. Then again, I was caught on the wrong foot, why should you pay any attention to what I say? -g-
Good luck!

PS: looking back at history of Fed blunders, the closest blunder to latestest interest rate cut was made in 1927. The market more than doubled between that time and the ultimate crash. I take the exception to the possibility that we are in the 1927 equivalent of pre-crash mania. For, most of the ingredients that caused 1929 crash are in place.
As much as Bob Brinker would like to villify the bears, I am certain about one thing. Many a bears will get destroyed in this mania. And, the vast majority of the bulls get annihilated. That ratio would be some thing like 1 bear that was destroyed for every 50 bulls that will be impoverished. The nature of the euphoria prior to panics and crashes is such that it will do maximum damage to the big majority of the population. Then again, WTFDIK? -g-



To: Kirk © who wrote (8781)10/26/1999 9:35:00 AM
From: Cynic 2005  Read Replies (2) | Respond to of 42834
 
Hi Kirk,

Here were are, several months after DOW crossed and stayed above 10k, I would like to revisit my infamous post in which I stated 10,000 is impossible.

#reply-5945392

<<I doubt if we will see 10,000 in the next 20 years! By then, the DOW should have to replace at least 15 companies with growth prospects. There is no way the current 30 will take us to 10k under the current over-capacity situation and the liquidity crunch that is unfolding.>>

Guess what, they just dropped four DOW stocks that are not performing and added 4 high powered stocks.