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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 (22904)	8/2/2006 11:43:11 AM
From: stockalot	Read Replies (1) \| Respond to of 42834

"How effin long does one have to hold 1/3 of a portfolio to make it 'long term'?" That's irrelevant, because it was intended to be a short term trade, as clearly indicated in the bulletin. It only became long term AFTER THE FACT." Math, you are indeed a great spinster. I think the entire game Brinker plays is a total farce. Though Hulbert is in no way in kahoots with Brinker, the fact that Brinker is rated a leading Bond Market Timer when he says one should not time the bond market gives one the idea that there are "liars, damn liars and ratings" to alter Mark Twain a bit. Let's say a caller to Brinker's show asks the great "Roberto" "We have Schlub on the line from Pookepsie. Welcome to Moneytalk Schlub what's on your mind?" "Bob, I have subscribed to this newsletter. He says he can time the stock market and he has a program on the radio just like yours. He brags on having been right all the time. The callers all say he is right all the time. I went to his site on the internet and it says he is right all the time. I watched some guys on the internet claim anyone who said he is not the very best advisor in the world is lying. So it looked like his record from what I could find was pretty good. I took his advice Then I got a couple recommendations. "Bob, my expert said in his newsletter to sell this portfolio and put the funds in a money market fund" but then a while later he sent an urgent bulletin. "Take half of the money and put it in this high tech index for a 20% gain in two to four months" "Ok caller and what happened". "Well Bob I took half the money in what he called my "cash reserves", bought those QQQQ shares just like he said trading in the 80s." "Ok and what happened." "Well Bob they fell off the cliff. They fell though the 70s, they fell through the 60s, they fell through the 50s, they fell through the40s, they fell through the 30s, the 20s all the way to 19 dollars Bob." "Are you telling me, now wait a minute caller, are you telling me that this person who calls himself a TIMER let your investment for 1/3 of your portfolio fall 80%? What's up with that?? Now no names please caller because it is not in my nature to be critical of people". Wasn't Mr. Bowtie was it? WAsn't her Ladyship, the Princess of Wink was it? Wasn't that smartalec Abby Cohen was it? Don't tell me caller it's not in my nature to be critical." "Ladies and gentlemen, this is what I mean when I say marketiming is very difficult. Here we have Schlub who trusted a so called "marketimer" with his entire equity portfolio. Now this person apparently told schlub to remove money from the market and then put half of that money into the high flying QQQ shares and then rode that all the way down. All the time bragging on the money he had taken out of the market before buying the QQQshares. Caller this is UNBELIEVABLE. And then what happened. When did he close out the position"? "Well Bob he never did?" "What do you mean he never did? Who would buy a newsletter from this person? His performance must be terrible. His rating must be terrible. " "No Bob, his second call is not reflected in his performance, In 2003, he said to go back into the market and he stopped talking about the QQQs of 2000 at all. He put some 25.00 QQQs in each of his portfolios. I think that was to hide the fact that he had recommended the huge play in the 80$$ QQQs Bob." "I think you are right on the mark Schlub. This is unbelievable. A so called market timer tells you to sell out of a portfolio, take half the money and buy an index, holds it all the way down --about 80% and then pretends to have been in cash the whole time, never closing out the QQQs? You have been the victim of the worst shark attack in the 20 yrs we have been doing this program. Have you been to my website? Checked out my profit center reading list caller? You need to become your own financial advisor. We cover my recommendations of course in the newsletter, but I can't imagine someone who bills themselves as a marketimer doing what you describe. And integrity, what about integrity schlub. You mean this person now pretends that the QQQ recommendation never happened in his performance? This industry has to be regulated. People in the mutual fund and hedge fund world are going to jail for lying about their performance. Those in the advice business should be responsible for disclosing accurate information on all of their advice, not just that which serves their advertising goals. That is pathetic caller. Worst shark attack in 20 yrs!. We'll be right back" "Now you can subscribe to Marketimer........"