Bob Brinker: Market Savant & Radio Host Message Board

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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host

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To: Math Junkie who wrote (16562)	8/21/2002 2:21:53 PM
From: Kirk ©	Read Replies (2) of 42834

Tim, on the radio he has said "I was wrong." You don't say "I" in a newsletter - it's just not done. Brinker did not invent the "editorial we." That contains more bologna than a NY deli... Excerpt: 2002: Another down year Kenneth L. Fisher, 02.04.02, 12:00 AM ET forbes.com Expect the S&P 500 to lose another 5% this year. One more plunge is coming, followed by a last-half recovery not strong enough to erase the losses. Okay, I changed my mind. In my last column (Jan. 7) I said that the market would be up in 2002. It won't be. Get over it. Expect the S&P 500 to lose another 5% this year, plunging until spring followed by a strong rally in the year's final seven months that won't quite make up for the downdraft. The bottom might be around May 1, at about 900. I use a forecasting methodology that I developed some time ago (see my column of Apr. 3, 2000) based on the predictions by market professionals for the coming year--and the fact that they're always wrong, since their expectations are already priced into the market. I get my number by choosing among the holes between the clusters of their forecasts. This approach is both empirically and theoretically novel, and it's nifty. Richard, I'd have to guess that the editors at Forbes know a boat load more about writing the you and Briker combined. Ken Fisher is refreshing to anyone that has a diet soley of Brinker. Ken often says "I was wrong" or "I changed my mind"... and he keeps right on predicting the market and telling us what HE THINKS we should do to take advantage of his beliefs.

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