InvesTing said:
<<Why anyone would have believed it (the mid-1400s call) had any real validity in the first place is beyond silly. Brinker had no more of an idea of the future of the market than any of the talking heads.>>
--You're making way too much of it. It wasn't supposed to be some kind of can't-miss magic number. It was Brinker's belief that it would be a good point to stop dollar-cost-averaging and go all in. That's all.
Personally, I believe Brinker has a better idea of the future direction of the market than most talking heads. But of course he's not a magic man. Anyone who believes he is, deserves whatever he gets.
<<Now if Brinker were this savvy guru that could predict the future he would be able to have forecast this housing bubble/ credit crisis which if we are to have a recession will indeed be the major cause.>>
--He CAN'T predict the future. He can make an educated guess about it which is better than most people's. I don't know of any guru, talking head, newsletter writer, etc., who predicted the housing bubble/credit crisis. Do you?
<< In fact I think Brinker became more bullish on real estate as the bubble grew rather than less so.>>
--I don't believe that is true. But I suppose I could be wrong. -:)
<< If we are to enter a recession I am certain that Brinker will blame the mortgage lenders and the funds that packaged the loans and the government and claim that nobody could have forecast it.>>
--That won't do him any good. He knows all about this stuff now, and he's STILL saying "no recession." If we get a recession, then he will have been wrong. And feel free to save this post to your computer. -:)
<< It reminds me of his very slick (though bogus) words to describe what a great entry point he picked for gold LOL.>>
--He did no such thing! You got some bad info from someone!
<<So you know that Brinker has no clue what the economy will be doing at this time next year.>>
--When a bunch of economists get together to predict the economy in Barron's roundtable, do you think THEY have "no clue?" They tend to disagree a lot, so, obviously, some are always wrong. But I would say they have much more of a "clue" than we average investors. I personally believe Brinker has just as much of a "clue" as those people, possibly more. I certainly would take his opinion vs. theirs, based on my experience.
<<If you talk in generalities, position yourself for success and spin anything that you can spin that doesn't go along with the success you can fool some people into believing you are a seer.>>
--He's not a seer. He makes no claim to be a seer. Only you, who want to dream up things to criticize him for, have ever made that claim for him. |
