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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host
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To: queenleah who wrote (34317)2/2/2008 10:52:23 AM
From: Honey_Bee  Read Replies (3) of 42834
 
queen, here are some facts for you:

1) Bob Brinker has been totally bullish (and said so) since last June when he (retroactively) declared that the secular bear megatrend had ended the year before--in June 2006.

2) Bob Brinker said that the summer correction was "health restoring" for the market and he has been repeatedly predicting new highs into the mid-1600's range.

3) Bob Brinker said that the market was favorable "as we go into 2008." Oops...guess that was a bit off the mark. LOL!

4) The weekend before this 15+ decline started, Brinker was on the air bashing the "bad news bears" and bragging about how well the market was performing.

5) The market dropped well below his PRE-mid-1400's-range buy signal of "1380 or lower" which he had issued after the market was above that level.

6) Bob Brinker has now removed the "mid-1400's" all-in buy signal. (evidently you think doing that was a mistake if you believe it "was" a good call. LOL) Pity the poor saps who dumped a bundle in the market at 1470 in late December because of Brinker's advice.
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7) Brinker is now spinning his "no recession" prediction. He now says the economy may be "flat." He is also spinning the housing recession--talking as though it is something new.

In summary:

Brinker was completely blindsided by this correction. Probably more blindsided than I have ever seen him.



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