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

To: Wyätt Gwyön who wrote (16908)	10/21/2002 3:47:41 PM
From: Kirk ©	Read Replies (2) \| Respond to of 42834

All you need to do is look at what the really big money players do like Calpers or private pension funds. They have access to the $500/hr money manager types. They almost all use asset allocation and just vary allocation small amounts according to market conditions. This means they adjust up or down 5 or 10% their equity allocation or move 5% from cash to real estate, etc. The ONLY people recommending jumping around a great deal are those selling you a system to do it and beat the market. Most have to lie about their results such as leaving out major parts of their advice (such as putting half the cash taken out into QQQ). If you add in all their advice, the do well to meet the averages.

To: Wyätt Gwyön who wrote (16908)	10/21/2002 5:05:56 PM
From: geode00	Respond to of 42834

I think that Tim was making the point that Brinker decided to become a short timer....twice recently. Since then, however, he has ignored all the short timer stuff and the longterm stuff has pounded his position into the dust. It has since recovered (when looking upwards from the bottom of course and only in the last week or so) but that likely means even more aggravation for Brinker followers who weren't advised to place the other 50% of cash reserves into the market to take advantage of these rallies (counter trend or otherwise) and mitigate the damage. I thought market timers were supposed to tell you when rallies were here.

To: Wyätt Gwyön who wrote (16908)	10/22/2002 2:09:57 AM
From: Tim Bagwell	Read Replies (1) \| Respond to of 42834

>>>how much does the short term matter? <<< Well in an extended bear market the short term is all you've got to work with. Bob's already been twiddling his thumbs now for nearly 2+ years. And when you've followed bad advice like the QQQ disaster, the only hope of erasing a loss that huge is to trade short term movements. Forget what Bob says. Bear markets are great for short term trading. There is a definite advantage to the person who buys stocks cheap when others are throwing them out.