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

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To: Math Junkie who wrote (16681)9/2/2002 10:01:59 AM
From: Kirk ©  Read Replies (1) of 42834
 
I have to side with you on this one Richard. Geode would do his cause better if he tried to be more factual than the opposition. Right now, they both are lacking here.

Brimelow came out and said "don't follow the advice of ANY market timer" after devoting a full article telling how one "subscriber who followed Brinker's less than clear advice" got results that were FAR, FAR different than advertised. This is not a "free pass" as Geode says.

Brimelow and Hulbert STILL have some of their facts wrong, but that is not surprising given how hard it is to get the truth from the source.

The fact I can't reconcile is how Hulbert decided to ONLY track Brinkers portfolios where he sold the QQQs he purchased for them in his paper account (at about the same price he bought so he figured it was about a wash) all the while Brinker was using pages and pages of his newsletter for the next several months to ENCOURAGE his subscribers to Buy the Nasdaq 100 AND to average down or buy for the first time in the January 2001 newsletter.

Hulbert has to draw the conclusion that the only way to get Brinker's advertised performance numbers is to IGNORE ALL of his written advice and to just mirror the model portfolios. He should make it CLEAR that following his WRITTEN ADVICE that is OFF THE BOOKS usually leads to SIGNIFICANT under performance. The footnote hints of this but he doesn't have that footnote in his monthly wrapup of leading market timing newsletters where Brinker is back in the top 5.

What is upsetting is Brinker's advice, even with the QQQs fully accounted for, is not that different than what asset allocators or Wilshire5000 buy and holders get. All have beaten the average market timer.... but the hiding of Brinker's true record to make him look better than the average he is just stinks and discredits his work.

Kirk
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