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Pastimes : The Justa and Lars Honors Bob Brinker Investment Club Thread
VTI 335.27-0.8%Dec 31 4:00 PM EST

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To: marc ultra who wrote (6298)8/24/2011 11:58:57 AM
From: Kirk ©4 Recommendations  Read Replies (1) of 10065
 
Why are you replying to me and quoting words from someone else to argue? Are you trying to put words in my mouth to use later?

BTW, you are using circular logic. Doesn't surprise me really.... Have you heard of the engineering term GIGO?

The bears say the issues we have now mean estimates for earnings are far too high.

In Dec 2007 MT, Bob Brinker predicted S&P500 earnings for 2009 would be $97.40 and the S&P500 would go to 1600s.

I show on my spreadsheet 2008 GAAP earnings were $14.88 and operating earnings were $49.51, about half what Brinker predicted.

Needless to say, in March 2009 the market was less than half Brinker's predicted (on pg 3) 1600s.

GIGO.... explains well Brinker's model and why it fails as often as it works.
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