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To: LLCF who wrote (181701)	7/21/2002 2:00:32 AM
From: geode00	Respond to of 436258

Brinker did a (possibly) good thing by doing a tactical asset reallocation of 65% (from 100% invested) in 2000. He now has to get back into the market taking into consideration the tax hit and the MMF interest since then (the bad and the good). I don't have a problem with that. What I do have a problem with is he then said to take up to 50% of the cash raised and fling it back into the Nas 100 in October 2000 where it has remained ever since (-71%, ouch). Some people have lost literally hundreds of thousands in that single trade which is now a long term "investment". Now he's on the radio every weekend taking praise when people imply that he went 100% to cash in January 2000 when nothing could be further from the truth. Well, the 35% that he left in the market along with the 32.5% that he stuck back in are down enormously. Has he been honest and clarified his position on national radio? Of course not. He lies through omission and takes credit for calling a bear when his longterm model never did (it would have gone 100% to cash or even short the market if it did). His most aggressive model portfolio which he claims is 65% allocated to cash is actually around 80% cash since the equity portion has gone down so much and he never bothers to rebalance. There's a great deal of lying and sloppy arithmetic going on. I figure it's better to assume that all these guys are either lying, incompetent or both until proven otherwise. That's the only way to protect your portfolio IMO.