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

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To: BFree who wrote (41999)1/8/2009 3:47:53 PM
From: Honey_Bee  Read Replies (1) of 42834
 
LOL, yes even if you play the odds, Brinker is overdue to get SOMETHING right. A complete list of all the times he was wrong last year would be long enough to run from Henderson to Colorado.

Here are just a few of them:

January 4, 2008 (S&P 1468.36) Bob Brinker said: “In summary, the Marketimer stock market timing model indicates that conditions are favorable for the market as we enter 2008. We expect the S&P 500 Index to achieve new record highs this year and to reach the 1600’s range…….attractive for purchase on any weakness in the S&P 500 Index mid-1400’s range.”

* January 20th -- rescinded mid-1400's which began in August 2007 (recommended dollar-cost-average only).

* Feb 10, 2008 all-in @ low-1300's.

* June/July as market hit bear territory: Claimed the price of oil was "inversely correlated" to the stock market.
* Aug 5, 2008 all-in @ 1240 or less.

* Sept 2, 2008 all-in @ low-to-mid 1200's

* September 16th -- rescinded low-to-mid 1200's; still recommends dollar-cost-average into market.

* September 30th -- (on Moneytalks said) "Do NOT sell stock"

* October 3rd -- still recommended dollar cost-average only.

* October 4th -- (on Moneytalk said) With the S&P 500 down in the 800 range, he said, "New highs impossible in 2008."

You can't make this stuff up. LOL!!!

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