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


To: Midwest_Investor who wrote (39599)10/17/2008 1:14:56 PM
From: Kirk ©  Read Replies (1) | Respond to of 42834
 
You still don't get it. Brinker is the one who calls bottoms despite being fully invested at the very top.

I took profits at the top and I buy when the market or individual stock hit my price. I bought some UTEK on 10/10 at $9.65 and it was $13.76 yesterday so it clearly didn't bottom yesterday. I did buy my first shares ever of Google yesterday at $310 (at a price target given last month in my newsletter) so perhaps I did get a bottom for that stock.

Like Warren Buffett, I don't know what the market will do in the short term, but if I get my price, I expect to continue to do very, very well in the long run.

Speaking of Buffett, who was one of the Cassandras Brinker ranted at in May, he has moved from 100% Treasuries to mostly US Stocks according to an OpEd today.

Warren Buffett Is Buying American Stocks
bobbrinkerfanclub.blogspot.com

Obama during the debate said he gets his economic advice from Volker and Buffett. It looks like Bush got his advice from Brinker given the sad state of the US economy and Brinker's total screw-up misreading what was happening this past year... blaming oil rather than the banking problem.