Moneytalk Bob Brinker Summaries - Information ONLY: Russell's comments

» Oaktoad - Russell's comments

are a little hard to grasp when he states that the bear started a year ago.

Frankly, I don't know what kind of a market we have here. We seem to keep having this rolling bear/bull and at times we have bear markets and bull markets happening at the same time.

Must admit my recollections of 1929 are very dim, but in 73-4 I don't remember this. At this time I am nervous, but when the market went down to about 600 it was all I could do to keep from selling everything. Ain't got those feelings now.

I feel similar to when we had housing booms and then busts. We may be close to topping, but don't seem to be there yet.

Fisher (younger one in Forbes) has written that the first year of a presidency is generally a poor year for the market.. OK, if we have a poor year, how bad does it have to be for most to bail???

The mavens at the big firms tend to have upward bias' so I tend to discount some of their comments, but still so many of them still see new highs this year. Cannot remember this from 73-4 either???

-- posted by Oaktoad