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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?


To: Math Junkie who wrote (13748)4/13/2001 4:25:02 PM
From: Skeeter Bug  Respond to of 42834
 
>>What you're basically saying is that you're a better market timer than Brinker<<

not at all. i've made many bad calls in the market. i've been fortunate on a few occasions and that was one. IF the biotechs didn't bubble up in 1999/2000 then i'd still be holding those dawgs due to their undervalued status. so, in the end, i was fortunate. btw, the market is so irrational that the ONLY advice i can give is to have a money management plan in place that stresses capital preservation.

i use the old buy undervalued stocks and sell overvalued stocks approach. this approach often doesn't work well in mania environments.

>>The issue, when choosing one market timing method over another, is which has the better performance in both bull and bear markets. If you can show me a method or service that does better, I will be seriously interested in evaluating it. <<

bob's long term performance haas been pretty darn good. there is no doubt. a couple issues arise, though.

1. bob's success appears to be tightly intertwined to the bull market that led to mania levels. his success in bears is not good.

2. bob drew in a lot of folks near the mania top (by definition this is when most folks are interested in the markets). they didn't have the benefit of bob's decade long bull market calls to pad this latest bear market disaster so they don't see the long term as well as others do.