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


To: queenleah who wrote (39394)10/8/2008 4:07:17 PM
From: Honey_Bee  Read Replies (4) | Respond to of 42834
 
ms queen,

You are VERY mistaken if you think Brinker didn't see the sub-prime meltdown coming. He was talking about it way back when it first began when the S&P was at 1400, and he called it "brokers gone wild" -- among other things.

He was talking about it all the way down this bear market, but never in relationship to the stock market until the last month or two when his oil/S&P "inverse correlation" theory blew up in his face.


.



To: queenleah who wrote (39394)10/8/2008 7:08:45 PM
From: octavian2 Recommendations  Respond to of 42834
 
queen said:

<<The bear is due to the subprime meltdown. Brinker didn't see that coming and neither did anyone else.>>

--A few people did see it coming. But as far as I can determine, they are either "hind-sighters," or permabears--doomsayers who were preaching their doom and gloom all through the secular bull from 1982-1999.

Those people are right about once every lifetime, and this is their day in the sun.



To: queenleah who wrote (39394)10/8/2008 9:54:18 PM
From: Math Junkie1 Recommendation  Respond to of 42834
 
"The bear is due to the subprime meltdown. Brinker didn't see that coming and neither did anyone else."

This week I saw comedian Steven Colbert interviewing Jim Cramer, congratulating him for predicting it something like six months ago. Apparently Cramer was throwing a fit when he made the prediction, pounding the table about it, etc. Colbert cracked that it turned out Cramer hadn't been worked up enough about it!