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Technology Stocks : A Bob Brinker Fan and Critic Club -- Ignore unavailable to you. Want to Upgrade?


To: Investor2 who wrote (28)9/7/2008 6:48:56 PM
From: Kirk ©Respond to of 123
 
So true. Measured in Gold, we have been in a secular bear since 1999.

See
"Friday, August 01, 2008: DOW Priced in Ounces of GOLD: A Secular Bear Market! "
kirklindstrom.blogspot.com

Odd Brinker gave up on his secular bear market idea just as the bull was peaking. If he held on to his original idea, he'd have a sore arm from patting himself on the back on the radio. 8^)



Needless to say, the bear forums love the charts in the article and ask me to post it when I update it. About time to do another I think.



To: Investor2 who wrote (28)10/14/2008 10:39:15 AM
From: Kirk ©Read Replies (1) | Respond to of 123
 
Brinker Bear Market Quotes:

Moneytalk, April 19, 2008, Bob Brinker said: "It’s my opinion that the March 10th low on the S&P 500 was the bottom for the correction. And I think that what happened was that was a very successful test of the initial low recorded January 22nd."
[March 10, 2008: S&P500 =1,273.37, DJIA = 11,740.15, NASDAQ=2,169.34, QQQQ=41.17]

May 31, 2008: Bob Brinker on Moneytalk at a time his portfolios were about 9% off their all time highs after the S&P500 had a bear market rally back over 1400 before collapsing to an October 10, 2008 closing low of 899.22, down another 36% from 1400!

But 9%? I mean, most people that invest in the stock market, myself included, would regard a movement of 9% in a portfolio as noise!” …. What you are saying (by complaining) is your tolerance for risk is zero!”

Saturday, May 31, 2008 Moneytalk Cassandra Rant: “What we have right in here now is evidence that the Cassandras, who earlier this year, were telling us we were in recession – right now they’ve basically – well I’ll be kind, basically, they look like fools right now. Because all that they’ve accomplished with their talk about recession…………all that they have to show for their efforts is that they scared the people who listened to them out of the stock market this past winter……….”
[May 30, 2008: S&P500=1400.38, DJIA=12,638.32, NASDAQ=2,522.66, QQQQ=50.01]

October 11, 2008 Moneytalk opening monologue: "I want to make a comment about what we have seen recently which is unprecedented without question this is most difficult market environment I have seen and my work did not forecast this BEAR MARKET decline. I had no way of forecasting a global banking crisis.
[October 10, 2008: S&P500 =899.22, DJIA = 8,451.19, NASDAQ=1,649.51, QQQQ=31.32]




To: Investor2 who wrote (28)12/16/2008 7:40:19 PM
From: Kirk ©Read Replies (1) | Respond to of 123
 
VWEAX I've read Brinker recommended Vanguard's High-Yield/Junk Bond fund VWEAX for his fixed income advisor portfolios. Even with today's market rally, that fund is down 28% YTD!

See the article "High Yield Fixed Income Investmets - Beware the Hype and Allure" for reasons I don't like that fund.

The nutshell summary is I much prefer to take my market risk with equities in both my core and my explore portfolios. Recommending it for a 100% fixed income portfolio doesn't make sense to me because people who want that type of "fixed income only" portfolio do not want stock market risk/volatility. IF they could accept higher portfolio volatility, then they would do far better in the S&P500 or Wilshire 5000 over the long term.

What do you think?