Boy the fear is really getting palpable. I think Bob Brinker does a great service in teaching adherence to fundamentals and risk management, but, seeing the anxiety reflected in this thread, I wonder how many of us are following his asset allocation guidelines, or are, like me, being way too aggressive.
That having been said, I must also say that I get very uneasy when he gloats, especially when he does so before it is proven that this really was just a correction. Bob rated the market a buy below Dow 8650, and I think he said he expected it could go as much as 3% below that, which comes to 8390. Ralph Acampoura called for a decline to the 7500 to 7900 range, if memory serves me, and today the Dow dipped to nearly 8000, making Ralph look not so dumb after all. I guess I don't expect an on-air apology to Ralph "Flip-Flop", but I do hope he will tone down the name-calling in the future. |
