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Strategies & Market Trends : Bob Brinker, Moneytalk and Marketimer

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To: InvesTing who wrote (1847)12/19/2007 7:44:03 PM
From: octavianRead Replies (1) of 2121
 
InvesTing said:

<<Yes, I believe the guy, Gary Shilling did and is still saying it is going to end very badly. While I don't carry a brief for him either, when he would be on Kudlow talking about how this would play out, he would be told by the other people there speaking like Brinker "the economy is fine". They would then say "and this will be confined to the subprime"--and he would "no it wont". Well he was absolutely correct in spotting the bubble before anyone that I know of...he was absolutely correct in saying it was a very very big deal in the credit markets before anyone I know of....and we can only hope he is wrong about the dire consequences he claims will come as this spills over. Now I hope he is wrong...but certainly he has been correct to a fault thus far. Brinker didn't see any of it coming and was very dismissive of the dangers that much brighter people have recognized.>>

--LOL! Do you know ANYTHING about Gary Shilling?! The guy is nothing but a doomsayer! His opinion counts for NOTHING to anyone who knows about him.

The bottom line is, very few experts saw this coming.

--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. -:)

<<So you think that Bob Brinker will stand up like a man and say he was wrong??? LOL I want what you are drinking! My point is that Brinker will TWIST THE FACTS to appear that he was way smarter than the villans that he will pick out and crucify for having caused the problem.>>

--No, he won't "stand up like a man and admit he was wrong." But if we get a recession in the near future, he will have been wrong.

<<No Octavian I've heard this a couple times with my own ears and I don't listen to much of the guy. As you know Brinker would beat up people for years about buying gold or gold funds claiming it was dead money and his demeanor made it seem anyone wanting to do so was downright silly....

He went on to say "Now that is not my recommendation but if a person is wanting to invest in gold with a small portion of a portfolio I would use the gold shares ETF".

Now when a gold question comes up....Brinker says. "Well since we recommended the gold ETF as a hedge to investors wanting it right here that ETF has gone up xxx%%" And repeats it three or four times mentioning the gains and "since we recommended it right here"...... A flim flam trick for sure..but effective in fooling a few goobers and geezers I'd imagine.>>

--Well, I don't agree with you--probably because I listen to him objectively and you listen to him looking for things to criticize. He has simply told people that if they want to use gold as a hedge, then he would recommend the ETF. Period. He always makes it clear that gold is not his recommendation.

<<So you think Brinker, a radio show hack who has no real academic or on the job credentials and simply pontificates but doesn't have to analyze data and make policy is superior to the economists in predicting the future of the economy. :) You are the kind of thinker that he preys on.>>

--If you think he doesn't analyze data, you are more far-out than I thought.
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