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

To: stockalot who wrote (22563)	7/26/2006 12:47:01 PM
From: shres	Read Replies (1) \| Respond to of 42834

Bob Brinker Ranked Number One Marketimer "I really liked my golf analogy when applied to Brinker's bizzare rating from Hulbert." Ya just don't get it do ya Willy? Suppose we want to rank a group of market timers. We want to rate their timing ability, i.e. when they got out of the market and when they got back into the market. We want to rate TIMING only, not skewed by what they had or didn't have in their portfolios. Not skewed by any optional short term trades which in no way can be construed as marketiming. So how do we level the playing field to we can measure TIMING ability only? Simple Willy, we assume that ALL the timers when invested are invested in the total stock market, i.e. the Wilshire 5000. And when they are out of the market, they are invested in T-Bills. So since all the timers have "equal" portfolios, the relative success of their performance results is attributable to their TIMING ability. Accordingly, Bob Brinker's Marketimer stock market timing model applied to the Wilshire 5000 Index has generated a compound annual rate of return of 14.2% for the past ten years, versus 9.1% for the Wilshire 5000 Total Market Index. And of course Bob Brinker was rated the Number One Timer. But Willy, you know all this already. You just can't bring yourself to admit that this is the ONLY way you can fairly judge a market timers performance. "Cause if you do, then you would have to admit that Brinker beat everybody else hands down and you would rather die than admit that!