SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?


To: Tony Viola who wrote (112800)10/9/2000 12:27:10 AM
From: Tushar Patel  Read Replies (1) | Respond to of 186894
 
I used to listen to Bob Brinker quite often but I have lost all respect for him. At the beginning of the year, a few weeks after he went bearish, NASDAQ went crazy (remember the biotech spurt?). At that time I distinctly remember him discounting the NASDAQ because he thought it was something like a sector fund "concentrated in biotechnology and computer related stocks". Instead he said his model was based on the S&P 500.

Now that NASDAQ has nosedived, he talks of nothing but the NASDAQ. Just for grins I checked how the S&P has done this year. Well, at the close of business on Dec 31 1999, we closed at 1469 (this is when his model went bearish). Today, we are at 1408 which is a decline of 4%. Even if we were to account for the decline from the top, we are down around 8% (closing high is 1527 reached in March).

His new tune now is that NASDAQ is in a vicious bear and the other indices are likely to follow. In other words he is no better than many talking heads who choose to use selective facts to fit their theory.

tushar