Thanks for the reply, Kirk. If I understand you correctly, you are saying that this Dow 7500 and change is just a test of the low, and that intraday levels should not drop below (roughly) 7450? I hope you are right, but I'm a lot more pessimistic.
I think Brinker has been wrong about a lot more than just the absolute numbers (which should be used as an approximation anyway). His guidance earlier this year, in the spring and summer, was "new highs by this fall;" that changed to "by this winter," and now to "by the end of next year." Well, that sort of help is about as good as no help at all. Even so, his missing a call isn't what bothers me the most -- it is his refusal to admit he blew it, and the audacity to belittle those who did make the right call. He deserves the same ridicule he heaps on others who miss a prediction.
I dunno, maybe Cramer IS worse about badmouthing other analysts. Maybe Pete Smith is worse, too. And maybe we should impeach someone else instead of Clinton. But, the topic of conversation is not what someone else is doing, it is Brinker.
I think it is fine that Brinker has fans who will stick by him. But, I'm not one of those "can do no wrong" fans, and will praise or condemn him based on performance, not personality.
I sure hope that you are right, and today is just a test of the lows. Good luck to both of us.
jim |
