Brinker Bear Market Quotes:
Moneytalk, April 19, 2008, Bob Brinker said: "It’s my opinion that the March 10th low on the S&P 500 was the bottom for the correction. And I think that what happened was that was a very successful test of the initial low recorded January 22nd."
[March 10, 2008: S&P500 =1,273.37, DJIA = 11,740.15, NASDAQ=2,169.34, QQQQ=41.17]
May 31, 2008: Bob Brinker on Moneytalk at a time his portfolios were about 9% off their all time highs after the S&P500 had a bear market rally back over 1400 before collapsing to an October 10, 2008 closing low of 899.22, down another 36% from 1400!
“But 9%? I mean, most people that invest in the stock market, myself included, would regard a movement of 9% in a portfolio as noise!” …. What you are saying (by complaining) is your tolerance for risk is zero!”
Saturday, May 31, 2008 Moneytalk Cassandra Rant: “What we have right in here now is evidence that the Cassandras, who earlier this year, were telling us we were in recession – right now they’ve basically – well I’ll be kind, basically, they look like fools right now. Because all that they’ve accomplished with their talk about recession…………all that they have to show for their efforts is that they scared the people who listened to them out of the stock market this past winter……….”
[May 30, 2008: S&P500=1400.38, DJIA=12,638.32, NASDAQ=2,522.66, QQQQ=50.01]
October 11, 2008 Moneytalk opening monologue: "I want to make a comment about what we have seen recently which is unprecedented without question this is most difficult market environment I have seen and my work did not forecast this BEAR MARKET decline. I had no way of forecasting a global banking crisis.
[October 10, 2008: S&P500 =899.22, DJIA = 8,451.19, NASDAQ=1,649.51, QQQQ=31.32]
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