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

To: MrGreenJeans who wrote (2309)	11/30/1998 11:18:00 AM
From: marc ultra	Read Replies (1) \| Respond to of 15132

MrGreenJeans re: <<<ow 10,000 Let us assume for a moment the Dow runs to 10,000 sometime in January. Does anyone think Bob will be making a sell call, presumably because the market has run too far too fast, or will anyone be selling stocks whether or not Bob makes a call because of the same reason? >>>> I don't think Bob would make a sell call per his model unless money supply was drying up and/or he saw a recession coming. Also an economy growing too fast and rising rates are unlikely anytime soon whether the Dow reaches 10,000 or not. I think the severity of the recent correction has put the market in a stronger position than previously and I am in no hurry to sell. Marc Marc

To: MrGreenJeans who wrote (2309)	11/30/1998 11:30:00 AM
From: Trebor	Respond to of 15132

>assume for a moment the Dow runs to 10,000 sometime in January.< If the market rises that fast, I'll be taking some serious money off the table. My blood pressure doesn't need what it went thru in Sept, and my portfolio doesn't need the risk.

To: MrGreenJeans who wrote (2309)	11/30/1998 1:34:00 PM
From: Investor2	Respond to of 15132

Re: "Let us assume for a moment the Dow runs to 10,000 sometime in January. Does anyone think Bob will be making a sell call, presumably because the market has run too far too fast, or will anyone be selling stocks whether or not Bob makes a call because of the same reason?" I don't think Bob will issue a sell call just because the market runs too far too fast. He may throw out warnings about valuation and overconfidence, but his sell signal will only be issued when monetary and/or economic conditions deteriorate. Best wishes, I2

To: MrGreenJeans who wrote (2309)	11/30/1998 4:23:00 PM
From: Justa Werkenstiff	Read Replies (3) \| Respond to of 15132

MrGJ: Re: "Let us assume for a moment the Dow runs to 10,000 sometime in January." Okay, but keep in mind despite all the bullish crap we have been hearing the past two weeks Brinker has stated that there would be no DOW 10,000 in 1998. Re: "Does anyone think Bob will be making a sell call, presumably because the market has run too far too fast...." Not a chance. His analysis is suited for the long term investor. He will not market time the noise. The proper posture is to be bullish long term. He will, however, say that one should review asset allocation to equities if the market becomes overbought or overvalued. Translation to the trader -- exercise caution and take profits and put the guns in the holster. Re: "...or will anyone be selling stocks whether or not Bob makes a call because of the same reason?" Yes, been there and done that last week. Hedges to the downside now in the money. Took profits on some of those today. Note: When the market reaches lofty heights, this thread should not be afraid to focus on the bearish side of the equation. Using Bob's model is a good way to start looking at the bearish side.