Rillinois:
Brinker does not make market forecasts two to five years in advance. What difference would a Brinker market projection make to you anyway? Did you forget about this post:
Subject: Re: Brinker
Date: Mon, Dec 8, 1997 17:25 EST
From: Rillinois
Message-id: <19971208222501.RAA11298@ladder02.news.aol.com>
JOE,
Like I said before Brinker did say he believed the market would make a new high before the end of the winter season, but if he was so confident about that, then why didn't he have a buy signal out on the market when the market turned down in October? Why is he such a great "market timer" when he missed a great opportunity to buy after the most recent drop, I think it was on of the largest corrections we have had in a long time. It seems like
everybody was buying except for Brinker.
On a side note, did anybody hear Brinker bash the Motley Fools over the weekend?
BTW, Brinker holds himself out as being able to identify a bear market and an intermediate correction before it happens. An intermediate correction used to be defined by Brinker as a drop in the market between 10% and 20%. The DOW dropped approx. 12%-13% and the S&P dropped 10.8%. The latest spin from Brinker is that we should ignore the DOW because it is not a diversified index (even though he makes his targets and "gift horse buying
opportunities" based on the DOW) and he now defines an intermediate correction as a drop in the S&P between 11% and 20%.
It's simply unbeleivable how he gets away with this. I'll remind everybody that I do think Brinker is a great source for information on the stock market in general. But when it comes to market timing, he is a spin doctor. Brinker is a bull. Always has been always will be. If he is going to be a bull and invest an index funds that's fine and dandy. That's probably the best way to go in the end. But why does he hold himself out as being the only
one who can time the market successfully consistently?
He's says corrections can come at any time during a bull market. Again this is most likely true. After corrections take place, however, he's on the air trying to make you believe he called the correction, "B.S.," he does not predict when they are going to happen.
He also said this weekend that only his listeners were prepared for the significant rise in the market this year. Again, "B.S." Brinker was not saying the market could get to 8200 last year at this time. If anything he was just like everybodyelse. He was looking for historically average returns and after his first target was hit, he then raised his target later in the year.
In sum, yes he's been right staying invested in the market. But he has no intention of ever going bearish. So I don't think he should hold himself out as being a market timer.
Rillinois
---------------------------------
PS: I am waiting on the edge of my seat re that MSFT and VOD analysis. Did you get the information you need on the exact dates of purchase? I am sure your fans came through for you. But maybe you need to know the exact time of day when Brinker thought of the recommendations as well? Just what is taking you so long? Gee, maybe it is time for Eura to show up now. LOL. |
