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Technology Stocks : A Bob Brinker Fan and Critic Club
QQQ 608.86+0.1%Nov 14 4:00 PM EST
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To: Honey_Bee who wrote (42)1/8/2009 4:17:16 PM
From: Honey_Bee of 123
 
Brinker is overdue to get SOMETHING right. A complete list of all the times he was wrong about 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* January 20th -- rescinded mid-1400's which began in August 2007 (recommended dollar-cost-average only).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* September 16th -- rescinded low-to-mid 1200's; still recommends dollar-cost-average into market.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.) 8)

Now we find out that Kirk Lindstrom, who never even claims to be a market-timer has beat Brinker's model portfolios hands down.

How embarrassing for daBrink.


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