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

To: mister topes who wrote (2942)	1/23/1999 12:44:00 PM
From: DD™	Read Replies (1) \| Respond to of 15132

Montana Grizzly Bear Sighting in Barrons This Morning.. Excerpt from January 25, 1999 Market Watch A Sampling of Advisory Opinion InvesTech Research Market Analyst 2472 Birch Glen, Whitefish, Mont. 59937 JANUARY 8 ~ Wall Street is addicted to easy money from the Fed, and the public is addicted to unrealistic returns from the stock market. A recent PaineWebber survey reveals the average investor expects profits of 16% annually from Wall Street. The Personal Savings Rate (call it non-savings rate) has turned negative for the first time since the 1930s. That would not be happening if not for the public's reliance on stock-market profits. In contrast,take Japan, where stock prices are off 60% from 1989 and the savings rate has climbed to over 20% of personal income. . . .If the economy doesn't slow as is widely anticipated (especially by the Fed in their minutes), or if Wall Street's exuberance carries the DJIA above 10,000, then the ultimate decision must be whether or not to introduce a monetary pin. If the Fed tightens, even one-quarter of a percentage point, they now risk a far more violent reaction than the 700-point loss experienced 18 months ago. Fed officials know it. Institutional money managers know it. And everyone fears it. DD

To: mister topes who wrote (2942)	1/23/1999 6:50:00 PM
From: Allan Harris	Read Replies (2) \| Respond to of 15132

There's an enormous amount of skepticism and negative sentiment about Internet stocks, here on this thread, on the radio show, in the press and on CNBC. Yet stocks like AOL, AMZN and YHOO are, despite a two week 33% sell-off, up over 100% from their summer peaks. That's right, from their summer PEAKS. From their fall lows, these three are up 200-400%. So let's not get too excited here. As Mr. Zimmerman pointed out over 30 years ago, "The times they are a-changing". A

To: mister topes who wrote (2942)	1/23/1999 8:35:00 PM
From: Justa Werkenstiff	Read Replies (1) \| Respond to of 15132

Book 'em dono. Brinker has been bearish on these stocks for quite a bit as well he should have been. Anyone who got involved with these tulips and is riding them down long is getting what they deserve -- a pasting. And anyone who is averaging down or is still playing this game in a declining market needs professional help. I have adopted these stocks as a correction indicator of immediate sentiment. I believe that these stocks will have to be totally punished before we can say this correction is over. And I want that. I want the lifeblood sucked out of this sector so badly it hurts. Any signs of life in these puppies like we had on Friday is a contrary indicator to me that there is more correction a comin'.