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


To: Justa Werkenstiff who wrote (2765)1/10/1999 7:18:00 AM
From: Justa Werkenstiff  Read Replies (3) | Respond to of 15132
 
** Show Summary ** Great show on Saturday. Bob says everyone should seriously look at his or her asset allocation this weekend. He said there is no reason at this time to be 100% in the market. He says the past week we have had a parabolic melt-up based, in part, on panic buying of those who missed the big move up. He sees a correction of less than 10% for the market. I assume that the NASDAQ could exceed that amount. He advised one caller to lighten up on Microsoft on Monday.

And he took one call from a loser who chided Bob for being tough on the internuts. Bob likened the internuts to gambling. That caller was scary as he said that internet stocks are trading on earnings expectations into the future and that, therefore, essentially any price to the upside was justified. This guy gets the Clueless Caller of the Year Award and I don't have to wait for 1999 to close!!! But we thank this chump for sharing his silliness as it gives us crystal clear perspective as to one shaky leg of this huge bull run.

Lars and I have now have our sell buttons available. Every time you push it it goes "baaa, baaaa, baaa " like sheep and then goes "ka ching." All this serves to remind you that you have locked in profits at the expense of clueless morons like the internut caller.