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Pastimes : The Justa and Lars Honors Bob Brinker Investment Club Thread
VTI 339.88+0.3%Dec 24 4:00 PM EST

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To: marc ultra who wrote (5278)6/24/2010 10:16:58 AM
From: Kirk ©1 Recommendation  Read Replies (2) of 10065
 
"do you think Gold is in a bubble now like TEFQX was in 2000?"

Personally yes.
"

Thanks. I'm not sure but I think the upside is much less than the downside from here so not worth chasing and have been happy with TIPS and iBonds. I checked my oldest (2001) I-bonds for value yesterday and they are up over 60%. Certainly not as good as gold but better than a stick in the eye or the S&P500 and certainly better than Brinker's QQQ and TEFQX.

"As to Bob he's always said if someone wanted to they could own a little gold equivalent as a hedge but it's not something I listen to or care about and I didn't even notice it in the newsletter because I don't care."

Interesting. His newsletter contains but a few pages of new content each month and you didn't notice a major new asset class was added. Does that tell you something?

"I'm interested in Bob's long term market timing discussion in the newsletter and any interesting financial stuff that occasionally comes up on the show that I may not have been aware of. The rest I don't really give a crap about or pay much attention to. For better or worse I don't invest in things recommended in the newsletter anymore and haven't for years."

Thanks for that info. I recall the days when you fawned over Brinker's every word. What changed this for you? Given his timing model issued a "gift horse buying opportunity" near the very top of the market in 2007 just before the greatest bear market since they great depression, why haven't you given up on his timing ability as you have with all his other abilities?

January 2008 Bob Brinker's Marketimer with S&P500 @ 1468.36, 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 Index to achieve new record highs this year and to reach the 1600’s range in the process. We continue to rate the market attractive for purchase on any weakness into the S&P 500 Index mid-1400’s range. Above this range we prefer a dollar-cost-average approach for new purchases. All Marketimer model portfolios remain fully invested as we enter 2008."

As for me, my interest in Brinker is mostly about his ability to trick what appear to be otherwise intelligent people into thinking his advice is better than it is PLUS convince many that their success is due to him because they took more of his advice that worked out than advice that didn't. It is fascinating!
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