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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 (4922)5/2/1999 9:48:00 PM
From: KurtSS  Respond to of 15132
 
My recollection of Bob's response is the same as yours. I recall him saying the market is "richly valued". I also agree that Jerry was trying to make him look bad.

I'm sure you recall that on many past occasions, Bob has noted that short term market fluctuations (near-term days or weeks) are impossible to predict; that in fact, he does not have a crystal ball.

Jerry was implying that, in the future, Bob will brag about his comments, selectively noting his concerns about the market being in need of a correction, or noting that he has continued to be 100% invested for equity portion of his portfolios.

What Jerry either doesn't know or is ignoring is that there are very few professional prognosticators out there who can touch Bob's track record.

KurtSS



To: Wally Mastroly who wrote (4922)5/3/1999 11:23:00 AM
From: lizardK  Read Replies (1) | Respond to of 15132
 
I heard that same call from 'Jerry'... Considering Bob's response how would you characterize the difference between the market being "richly value" vs. being "overvalued"??? This confused me a bit and I got the impression that Bob is being quite cautious..