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


To: stockalot who wrote (29181)3/12/2007 10:14:29 AM
From: shres  Read Replies (2) | Respond to of 42834
 
Hey there Stocky [btw, why are you stocky here but Will at the spyware den when the Hon reposts your stuff?]

Is there something wrong with that radio of yours? You only hear a little of Flannagan and bits of Brinker. You never listen to an entire program and thank God for that. We'd never hear the end.

Anyway you weren't sure that you could understand what Flannagan was saying and I can't blame you for that. But he was opposed to market timing as best you could tell. You didn't sound too sure.

Did you know that Mark Hulbert is officially agnostic regarding market timing, but he acknowledges that statistics prove a handful of people can do it successfully and that a few such as Bob Brinker do it better than most.

The failure of the majority reflects the difficulty in beating an efficient market that represents the input of the masses. "Markets incorporate a lot more information than any one person can bring to the table," he says.

"When you put it all together, it's very difficult to beat the house."

But as you already know Stocky, Brinker proved that he can time the market when he got out near the top and back in at the bottom. You can't dispute those facts even though Kirk will come out and yap about how he missed this and missed that. Oh and don't forget to get a free copy of Kirk's rag where he missed EVERYTHING.

LOL!



To: stockalot who wrote (29181)3/12/2007 7:35:55 PM
From: dijaexyahoo  Read Replies (1) | Respond to of 42834
 
stockalot said:

<<Musta been sour music to Jr.'s ears. Seems obvious he wants to continue the charade that all one has to do is pay 185 bucks annually to a ragwriter and walla --you don't have to worry about the market.>>

--When did Jr. say THAT?

I keep asking you to verify these quotes you come up with, and you NEVER do. It really makes one wonder if you just make stuff up! -:)

BTW, I agree that it would be pretty dumb to just pay someone $185 a year and think you wouldn't have to worry about the market again. I wonder if there is a single person in the whole world who is THAT stupid!! I doubt it, unless it would be retiredinpresscott, or one of those other rubes who invested a lot more than he should have invested in the QQQs, just because some expert recommended it.

Personally, I believe market timing is a tool that should be used sparingly, and to different degrees at different times.

For example, in 1999 it was pretty obvious to most people that we were in a bubble that was going to end badly. THAT was the correct time to do some market timing. I'm sure glad *I* did!

Right now, I don't think we're in a bubble, so I wouldn't make any drastic timing moves. If brinker said "sell everything" tomorrow, I would probably cut back about 10% on equities, just to play it safe. Maybe a little more, depending on other factors. But I certainly wouldn't "sell everything," because I know that no one (including brinker) is perfect.

The thing to do with people like brinker, Jimmy Rogers and other experts is to realize that they are ALL going to be wrong fairly often, and make your own final decisions based upon many factors.