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

To: Wally Mastroly who wrote (4918)	5/2/1999 8:17:00 PM
From: marc ultra	Read Replies (1) \| Respond to of 15132

Wally re"My impression - if there is no short term correction, expect big trouble ahead." I think we're in a tough spot here. From my point of view the best thing might be another several percentage point rise in the Dow led by the cyclicals with II sentiment breaking 70%, interest rates remaining high or rising a bit further. Very simple then, I take huge defensive action and see if Bob 's model alarm go off. Whether it does or not I have little interest in riding out another 15%-20% correction heavily invested and I'd be in reasonable shape waiting for whatever occurs. To get too negative at this moment could leave you looking at a blow off top which could last a while. As usual I'll probably do something halfway or 1/4 way. I think the greatest thing that could happen for our long term finances would be to have a correct bear call from Bob and be on the right side, then switch near the bottom. An extremely difficult feat but one if Bob can pull off will forever shut up these critics who say all Bob knows how to do is be 100% long etc. Only big problem could be if bob pulls off this great timing feat he may have about as much satisfaction as he's going to get from MT and may be off to the golf course full time Marc

To: Wally Mastroly who wrote (4918)	5/3/1999 1:56:00 AM
From: Math Junkie	Respond to of 15132

<<if there is no short term correction, expect big trouble ahead.>> I'm hoping that the recent weakness in the semi equips is the leading edge of the correction. I have seen it happen that way before.