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Strategies & Market Trends : Bob Brinker, Moneytalk and Marketimer
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From: davidk5553/18/2008 10:23:35 PM
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I think we can all agree that as of today at least, both Bob Brinker and Abby Joseph Cohen were too bullish in their forecast that the S&P 500 would trade into the 1600s this year. Neither of them discounted how much corporate earnings would be negatively impacted by the subprime meltdown. And there are repercussions for being wrong in your forecast, especially if you are highly paid advisor/newsletter writer/money manager. Bob is the first person on the radio to make fun of people who are wrong in their forecasts, and so I think he is just getting a little payback. Now, there are still 9 months left this year, so both Abby and Bob may yet be proven right!
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