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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host

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To: wurkinstiff who wrote (40748)11/23/2008 6:04:54 PM
From: octavian4 Recommendations  Read Replies (2) of 42834
 
<<octavian,

Are you defending BB.>>

--Defending him? I'm saying he screwed up!

<<remember Bill Gross of Putman two years ago stating that the down would drop to 5,000 ->>

--Yep. I remember. His prediction had nothing to do with declining home prices and toxic subprime loans. He later said he was wrong.

<<buddy, its going to at least 6,000 before this is over.>>

--Are you a market timer?

<<Bob made a ton of money riding this bear all the way down.

Kept all of us idiots in, so the big fellows could sell short stocks. THIS IS REAL CAPITALISM AT WORK. THIS IS HOW GREAT WEALTH IS BUILT.>>

--That makes no sense. If Bob knew the market was going to plunge, why wouldn't he and the other "big fellows" just go short, and then he could issue his sell signal. There would have been NO motive for him not to do that, once the shorts were established. All of his subscribers selling would have only helped them.

That way, he still would have cleaned up, and he would have looked like a genius instead of an idiot.

He's 68 and near the end of the road. Do you really think he wanted to ruin his reputation for no reason?
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