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

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To: Tim Bagwell who wrote (16711)9/6/2002 9:41:09 PM
From: geode00  Read Replies (4) of 42834
 
But he's on record as expecting losses in the market to the tune of 60-70%

If I remember correctly, he's on record as speculating that losses could go as high as 70%. He gives ranges, tosses things out but he doesn't act as if he believes them so I think it's just CYA.

Everything he did in 2000 to now says to me that he expected a short bear and a quick resumption of the bull trend. Those things are:

1. Holding 35% in equities
2. Keeping cash reserves in short term MMFs
3. Buying into TEFQX along with his glowing report of what the net could be in the future
4. Holding onto the QQQs even after he gave up on the CTR
5. Talking about but not really buying into bonds in a big way
6. Never buying into the Rydex contra funds as he had discussed in earlier years
7. Holding onto Microsoft and Vodafone most of the way up and all the way down

These are not, IMO, the actions of someone who had great faith in the deep, long bear we have and are experiencing. Like everyone else, he's putzing around in the dark trying to figure out if that light is the exit or another train headed this way.
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