Bob Brinker, the famous market timer, still touts it as his no. 1 holding safe place for long term investors interested in a steady return. He's the one that told his subscribers to get out of the market in March of 2000. What a call! Of course, I had ears that heard not.
This statement is totally false. Bob Brinker did not get subscribers out of the market in March of 2000. Kindly be accurate in your assessments so as not to mislead other investors.
Bob Brinker boards
suite101.com
Subject 10880
Subject 50516
This is the latest lie, courtesy of Bill (the shill) Flannigan as guest host. Note that callers who want to discuss the published truth about Bob's advice get screened out. If they manage to get past the screener, they get unceremoniously hung up on (or subject to the delay button) after the truth of their comments is realized by the host.
bobhasnoclothes.tripod.com
Bob has never issued a sell signal on the market. His longterm model either never went into bear mode or he didn't pay attention to it. He went to 60 and then 65% cash in his model portfolios during 2000 (note that he only includes select portions of his advice in his portfolios, he hides the rest).
He then put up to 50% into the QQQs in 2000 for a 20% 2-4 month pop. He arrogantly and stubbornly stuck with that ridiculously stupid call in the face of a plummeting Nasdaq even going so far as to kick questioning subscribers off his bulletin boards, putting up false posts under hijacked aliases and leaving only the nice posts up. He even kicked off paid up subscribers from his newsletter even though he had promised guidance to them on the trade.
The QQQs were recently down 74% and they are still on some kind of indefinite hold. It has been noted that they will need a sequence of 7 compounded 20% rallies just to break even. Note that Bob Brinker sent this "act immediately" advice in a special bulletin. It was a rare thing and it was done with amazing confidence. There were no stop losses, no exit strategies, no hedging, nothing. It was for conservative (ie retired) investors as well as for aggressive ones.
His own subscribers told him repeatedly that the trade had failed but he didn't listen to them. In fact, he blamed them (basically) for having been so stupid as to listen to his advice in the first place. What a joke.
He is a despicable liar IMO and has lost hundreds of thousands of dollars for those dumb enough to subscribe to his newsletter and listen to his show without DD. He grooms his image on his one-sided infomercial radio show (note he does not do interviews on TV anymore probably since NBR caught him in a conflict of interest in UTEK) and his website. Even Hulbert notes him with an asterisk as even he knows that Bob is telling partial truths.
Note that Bob used to own (maybe still does own some of it?) the BJGroup which was a wrap account taking a chunk of money every year out of the capital of clients. The BJGroup, which claimed not to do short term moves, stuck their poor clients into the QQQ trade as well. Uh oh. Note that Flannigan yesterday called some broker a snake because he wanted to put a client (the caller) into a wrap account at 1-2%. What does that idiot Flannigan think about the BJGroup (Brinker-Jacobs Group)?
It's all a sham trying to separate you from your hard earned money. If Bob is so brilliant a market timer (yeah right) then why is he wasting time with a newsletter and a radio show? Could it be because he can make more money marketing and selling his rag than investing his own money?
Think about it.
Do some DD and do not mislead other investors by failing to do your homework. Thanks. |
