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Pastimes : The Justa and Lars Honors Bob Brinker Investment Club Thread
VTI 342.05+0.3%Jan 15 4:00 PM EST

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To: Honey_Bee who wrote (5335)7/5/2010 11:35:10 AM
From: Kirk ©2 Recommendations  Read Replies (1) of 10065
 
Keep up the good work and don't let your "critics" get you down.

Some here think Brinker has done well as a market timer this past decade despite admitting he has been mostly in stocks and missed the biggest bear since the great depression while giving a 'gift horse' buy when the S&P500 was at 1450!!! I think they refuse to admit they hitched their horse to the wrong wagon... the wagon that believes market timing is viable.

Remember Ralph Acampora?

A Market Forecast That Says ‘Take Cover’
nytimes.com

Mr. Prechter is hardly the only market hand to advocate prudence now, but nearly everyone else foresees a much rosier future, once current difficulties are past.

For example, Ralph J. Acampora, a market analyst with more than 40 years of experience, said he moved entirely out of stocks and into cash late last month. Now a partner at Alverita, a wealth management firm in New York, he said recent setbacks suggested that the market would drop another 10 or 15 percent, probably until September or October, before resuming another “meaningful rally.”

Over the next several years Mr. Acampora expects an “old normal market,” characterized by relatively short-lived swings that will provide many opportunities for smart investors — one that resembles the markets of the 1960s and 70s. “I’ve lived through it,” he said.


Hulbert will publish his twice a year long-term performance list in a few weeks. It will be interesting to see how market timers have done. Bob Brinker is hard to figure in this because Hulbert doesn't count his QQQ advice. I read somewhere that the best timer he follows has been in US Treasuries the past decade! I would have thought some of the Gold newsletter writers he follows would have been in gold so we'll see.
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