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


To: geode00 who wrote (15478)12/18/2001 3:53:13 PM
From: Math Junkie  Read Replies (3) | Respond to of 42834
 
Heck, Warren Buffett gives his market outlook away for free. That doesn't make it worthless.

My daddy always said, "Nothing is impossible." I will admit that he was not a believer in market timing, however. I prefer to keep an open mind. It does seem to be possible to very approximately forecast secular trends, judging by the work of Buffett, as well as Benjamin Graham. Whether cyclical trends can be forecast remains to be seen. I will admit to being at least skeptical about the outcome. However, just because no one has ever done it does not prove that it never will be done. Lots of things we now take for granted were once thought to be impossible.

I, too, have wondered why he didn't advocate increasing bond allocation when prices were low. I would think that bond prices would be less difficult to forecast, and the consequences of being wrong are much easier to manage by virtue of the fact that you're going to keep getting that dividend, year after year, as long as you stay out of junk.