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what's to say?stay the course is the obvious conclusion.We will be going higher as the pansies wet their pants and sell out on panic lows.The market is following a standard path from here - at those panic lows the leaders last year were brought back down to earth. While this was occuring stocks which had already been hit were stabilizing albeit at lower levels. Building a base and pushing higher. Banks will begin to repair their bal. sheets by borrowing at the short end of the curve and lending at the steepened long end. A steep yield curve is very good news for financials. The middle man with savings deposits lose big as the Fed continues to cut rates.
"Despite resent correction weakness, we are not of the view that equities are heading into a bear market." Marketimer 02/04/2008Brinker defines a bear as a 20% decline in the S&P on a closing basis. The closing low on January 22 was 16.3% from the record high on 10/9/2007."...the door is open to the possibility of a brief and mild recession during the first two quarters of 2008." Marketimer ibld.During the past 60 years there have been only two brief recessions during presidential election years. Depend on the seated politicians to do as much as possible to keep their (or their party's) seats in place. Nothing does that better than "the check is in the mail" tax refunds coming to your door soon.
Steve,So is he still trying to identify yet another "buying" opporunity at another bottom in the 1300 area??
"smile" said: "what's to say? We will be going higher as the pansies wet their pants and sell out on panic lows.".Well, "smile," how about a little reassurance for the "pansies" who look to Brinker for guidance. Does he not owe the audience that is largely responsible for his popularity any respect or consideration at all?
"Well, "smile," how about a little reassurance for the "pansies" who look to Brinker for guidance."Not at all. Brinker is publishing a newsletter not running a diaper service.It you want hand holding there are plenty of internet amateur hucksters around that will do that.
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