I2: Let me congratulate you for your prudence and foresight. In July
1998, and afterwards, you quietly stated that you were reducing your
allocation to stocks, both US and European, within your portfolio.
In August following, you again quietly enunciated your intention not
to participate in Brinker's vaunted and twice-told "buying opportun-
ity" below 8650 on the DJIA and 1090 on the S&P 500. Both stated
actions smack of pure prescience now.
In another vein, as the market continues to defy Brinker's imputed
Marketimer model, it becomes more than obvious that we Money-
Talk and Marketimer adherents have lost Brinker as our commander
and our guide through these rough seas. His flawed advice of late has
cost many of us dearly, not merely for the paper losses but, even
more, for the opportunity costs attendant upon his recent recom-
mendations. Mr. GreenJeans has it right, "Be objective, be rational,
be true to yourself as an investor, evaluate the situation, and act
accordingly, be it by buying or selling."
We, as individual investors, must act by ourselves, for ourselves.
It's every man for himself.
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