During recent days on the cable biz channels I heard Barton Biggs and other investment pundits opining that "an area around 800 ... as a great entry level here in anticipation of a large bear market rally during 2009". Are they wrong too?
Is Brinker wrong now only because he stayed fully invested all the way down from the highs recommending what he saw as buy opportunities at various stages of the market's decline? Does this imply Brinker will be wrong from now on, or, for some unspecified period of time until you deem he has a second chance to make a correct future turning point call?
Do you think that "market timing' could be compared to an "at-bat" in baseball whereby the pitch (fast ball, curve, knuckle ball, slider...) is made, and, the batter (you) either strike out, or, the batter (you) get a hit in the form of a single, double, triple, or homerun (you are on board for a profitable investment experience with the investment vehicle of your choice)? In baseball, every at bat is an opportunity, you know. With investing, Brinker could be viewed as "The Manager" or "coach" giving followers signals from the bench - swing, take, bunt, hit for the fences. He could be wrong at any time. You could be wrong at any time for not following and executing on his signals. If he fails to perform up to expectation, he could get fired by you or management at any time.
Best wishes and profitable investing.
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