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Strategies & Market Trends : Stock and Bond Market-Timing: Can it be Done?
VTI 330.06+0.2%Nov 7 4:00 PM EST

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To: joefromspringfield who wrote (57)1/17/2009 10:16:02 AM
From: BFree  Read Replies (1) of 3605
 
That is fascinating Joe. Notice in Brinker's marketiming scheme for forcasting a bear market--there is ZERO correlation to his modeling and what has transpired to cause this bear market. He was as clueless then as he was at "the mid 1400s" in the last year when he urged subscribers to "go all in". His 1380 and low 1300 and low 1200 calls were just as lame. Now if there was a bulletin to buy he is claiming his model that missed the bear market and according to his words at that conference was not prepared to predict anything like we have experiened in this bear market --he is simply flailing away to find some base to claim he called after many failures.

Now Brinker in that appearance and at other times pretends he has an estimate of earnings for the 500 largest companies in the country and applies a multiple to it and comes up with his forecasted market level.

In this time I would offer that only an idiot would claim he can forecast earnings of the 500 largest companies for the next year. We don't know how many of the 500 largest companies will be left standing. Will there be a Citibank? A Bank of America? Will any large bank have earnings? They made up 35% of the market cap last year. What will happen with the automotive bailout? Fail? Succeed? A difference in a few million jobs. What will Obama's health care mean to Pharma? What will Pelosi's tax increases mean to investors?

Too many questions to give a simple answer. But Brinker's jive is made to market to people who are not deep thinkers and buy into his all seeing jibberish. What do you Brinker subscribers think of claiming he has found something, when it is the spot from which he took off 6 years ago?
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