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

To: marc ultra who wrote (2620)	12/29/1998 11:32:00 PM
From: mister topes	Read Replies (1) \| Respond to of 15132

Bob said at the October turning point at S & P 959 at the successful bottom test that the awesome rally about to begin would have two phases. Phase One would consist of multiple expansion despite the absence of dramatic S & P earnings growth in the near term. This has been unfolding in spades since October 8th. Phase Two kicks in during 1999 as investors begin to discount earnings growth into Year 2000 and alleviation of global economic weakness outside the USA. So far, the trains are running on time on this forecast as the S & P has now risen from 959 to 1240 in less than three months for a total return of 30% or 120% annualized. Hows that for a market forecast?