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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 (3219)	2/6/1999 11:06:00 PM
From: Boca_PETE	Read Replies (2) \| Respond to of 15132

marc u: re:< Anybody recall the S&P500 level for a buy point? > It was S&P 1120 (SPY =120). My interpretation of Brinker's outlook coincides with yours. Like you, I exchanged IRA money out of equities into bonds (short and long term). Guess we'll get that waterfall sensation ultimately during the indescriminant selling period, then a rally from the benchmark low, then testing the lows on less volume. Guess after we test the benchmark lows, it will be time to get aggressive again. Hopefully at that time investment advisor bullishness will have dropped to the low 550's to high 40's and the bears will be everywheres on TV. I wonder if Michael Metz will come out of retirement for the occasion. P

To: marc ultra who wrote (3219)	2/7/1999 9:10:00 AM
From: Allan Harris	Respond to of 15132

1. correction likely to go further, if reaches extremes mid teens loss from highs still possible 2. No bear market anywhere in sight. I did some math. Mid teens = 15%. Bear market = 20%. Methinks at 15%, a bear market would indeed be in sight. Much too bearish here for me. The stellar rise from October through early January is being worked off in what I see on my S&P chart as basically a sideways correction, now lasting about a month. Which way will it break? Which way does it usually break in a Bull Market? A