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Strategies & Market Trends : Bob Brinker, Moneytalk and Marketimer

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To: InvesTing who wrote (1856)12/20/2007 7:06:49 PM
From: octavianRead Replies (1) of 2121
 
InvesTing said:

<<I think the Fed and the Treasury dept didn't understand the depth of the problem as well as Shilling apparently did.>>

--Right. Virtually no one understood it. That's my point.

If you knew Shilling and weren't just looking for ways to criticize Brinker you would not be giving him credit for a good call. The guys always predicts horrible things are going to happen. He's predicted 100 recessions since 1995. -;)

Seriously, he ALWAYS assumes the worst-case scenario, which means he's almost always wrong.
His opinion means nothing to anyone who knows of him. You know as well as I do that CNBC likes to put these mega-bears on!

<< It appears that Brinker never had a clue about any of this. If you didn't see this coming--if you don't understand it's magnitude--then obviously you were unable to predict the market movement.>>

--Again, I can't blame Brinker because I don't know of any reputable person who did see it coming. A lot of really good mutual funds managers have held homebuilders, citibank and countrywide right through this correction.

I have no doubt that Brinker is studying it as best he can, and has determined that it won't get bad enough to cause an actual bear market. Of course, there's ALWAYS the chance that he could be wrong.

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