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

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To: blankmind who wrote (1986)11/4/1997 1:07:00 PM
From: sea_biscuit  Read Replies (1) of 42834
 
RE: -- On the one hand, I like Brinker b/c he knows we're in a tenacious bull market that will probably go to the 15,000 level in 5 years. He also knows you can't time the market or you'll miss out.

-- On the other hand, I hate the fact that he doesn't just tell folks to put everything in tomorrow; and worse comes to worse; you take a 10% decline to not miss out on the 20% run ups every 6 months.


Two points. One -- assuming the "20% run ups every 6 months" and a 10% correction once every year, the Dow should be closer to 30,000 in 5 years, not 15,000!

And two, your 30% a year rate of return is quite close to the 34% a year that some investors expect, according to a survey. However, they do one better than you and say that rate of return would last the next 10 years!

Brinker has already said what he feels about those folks. No wonder he asks people to dollar-cost average now, which I think is the way to go.

Dipy.
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