Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Kirk © who wrote (39576)	10/16/2008 9:24:21 AM
From: sea_biscuit	1 Recommendation Respond to of 42834

"Nobody saw it coming" is the latest falsehood a few SOBs (supports of Brinker) have posted. That is like the "nobody saw that Iraq would be a mess" lie that the Dumbyasshole and his ass-lickers propagate.

To: Kirk © who wrote (39576)	10/16/2008 10:20:42 AM
From: Web$urf	Read Replies (1) \| Respond to of 42834

Brinker getting mauled in the jaws of the bear, has himself and the other fools convinced that he "couldn't have predicted" it, hahahaha

To: Kirk © who wrote (39576)	10/16/2008 10:23:34 AM
From: joefromspringfield	Read Replies (1) \| Respond to of 42834

Kirk noted: "Nobody saw it coming" is the latest falsehood a few SOBs (supports of Brinker) have posted. Well if that is the case who was Brinker talking about in May when he went into this RANT right here on Moneytalk? RECESSION CASSANDRAS.... Brinker said: “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……….” CORRECTION LOW AND TESTS.... Brinker said: “……..And probably a lot of those people got scared out near the correction lows.. The initial correction low in January, which was successfully tested in mid-March, before the market reversed and resumed its uptrend. And basically, if you were to total up all of the accomplishments of the Cassandras, that would be it – that they scared people out of the market during a stock market correction in the first quarter………..Because they have been unable to present any evidence of a recession." LOST JOBS.... Brinker said: “And your questions to the Cassandras should be where are the millions of lost jobs that we would expect to see in a recession? In fact, in this economic slowdown, so far, we’ve only lost a few hundred thousand jobs total – dating back to the beginning of this year…………” STOCK MARKET BEARS.... Brinker said: “So what we have here basically, is an example of false prophets and it’s sad. And the reason it’s sad is the damage done. Think of the people that are looking today at the market, S&P at 1400 and they’ve been scared out of the market in the first quarter by these bears………It’s just amazing and yet these people are out there, and these people are not happy, I’m sure, to find themselves out of a rising market since March. To find themselves looking for ever lower prices when in fact we’ve had the opposite. .. We’ve had the market rising since mid-March. It’s rather significant when you stop to think about it. If you go back to mid-March and you take a look at the S&P 500 Index since mid-March, right now you have a total return, including cash dividends of about 10 1/2%......................So it’s fair for you to say to the Cassandras, where is that recession, where are those millions of lost jobs, where are the two quarters of negative real GDP growth? Where’s the bear market? …………The answer is, they blew it! That is the answer, they blew it. They got caught up in their own negativity and they pronounced that it was all over, it was going to spiral downward and there was no end in sight – and they got it completely backwards. Truly amazing to see, and sad to see the people that are harmed by such unjustified negativity.” ..

To: Kirk © who wrote (39576)	10/16/2008 11:33:19 AM
From: Midwest_Investor	2 Recommendations Read Replies (2) \| Respond to of 42834

"......continue to advise a 100% position in the safety of money-market funds. This has been our view since our models flashed a major sell signal back on Jan. 16, 2008. We indicated on yesterday's hotline that we expected last Friday's intraday lows to hold up over the next three months and as an outside possibility they might represent the extreme lows of the entire bear market. This is based on what we felt was the outright capitulation during the opening minutes of trading last Friday, October 10th. The areas of support are the Dow - 7,882, S&P 500 - 839, Nasdaq - 1,542 and the Russell 2000 - 468. Despite today's carnage we expect these support areas to hold." if he expects these "support levels" to hold, then why does he suggest money-market funds? Shouldn't he be buying if he feels this way? makes no sense to me.

To: Kirk © who wrote (39576)	10/16/2008 12:25:23 PM
From: gronieel	3 Recommendations Read Replies (2) \| Respond to of 42834

...Still, he thinks he may see a bottom... Sullivan obviously just doesn't get this forecasting business. You are supposed to wait until Friday and THEN you announce... ..."We could go lower or the bottom may be in".... You can do that every Friday if you want because you are never wrong. I guess you could even put in an newsletter if you wrote one.