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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host
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To: Kirk © who wrote (37491)7/31/2008 9:49:56 PM
From: Honey_Bee  Read Replies (2) of 42834
 
One thing is for sure, Brinker often makes mistakes that are very costly to those who actually take his advice.

1) Completely missed the 1987 crash
2) Went 100% to cash 1988-1991 and missed much of the market rise.
3) Raised only 65% cash in 2000 -- rode the ugly bear down 35% invested and recommending dollar-cost-averaging the whole way down.
4) Recommended buying QQQ at $83 in October, 2000 with 20-50% of cash reserves -- rode QQQ down to low-$20 range. (those shares still on hold)
5) Recommended TEFQX -- still on hold.
6) Returned all cash to market in March, 2003 -- excellent advice, but his true followers may not have had much cash.
7) Had a buy-level at mid-1400's from August 2007 until January 2008, when the current bear market began.
8) February 10, 2008, issued a new buy-level at low-1300's and claimed the "bottom" was in -- market dropped to 1214.91 July 15, 2008 (intraday low 1200.44)
9) Completely missed the current bear market -- recommended dollar-cost-averaging and 100% invested all the way down.
10) Beginning in July 2008, now says market "directly correlated" to price of oil and only "fools" think they can predict the price of oil.

So does all that mean anyone who thinks they can predict the price of the stock market is a "fool." ROFLOL!


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