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Pastimes : The Justa and Lars Honors Bob Brinker Investment Club Thread -- Ignore unavailable to you. Want to Upgrade?

To: marc ultra who wrote (6443)	10/4/2011 7:23:52 AM
From: DD™	Read Replies (1) \| Respond to of 10065

Futures down big again this morning...looks like another bloodbath on Wall Street today. A new bear market is a virtual certainty now. DD

To: marc ultra who wrote (6443)	10/4/2011 11:24:14 AM
From: joefromspringfield	2 Recommendations Read Replies (1) \| Respond to of 10065

Marc Ultra said: "Why? He doesn't even call the market on the radio." Well he hasn't in recent weeks but Bob Brinker did talk about the stock market in early August. Here is what he said: STOCK MARKET....Brinker said: "Isn't it amazing how the stock market has taken all of this in stride. I was looking at the S&P 500. It's actually setting about 5% below its closing high for the year, which is truly amazing.....This is resilience when you look at this kind of political drama out of Washington DC......Remember we had a caller when the market was at 1268 at the end of June who asked whether he should sell out of the market because of the debt ceiling debate......Of course, the market is now at 1292, a couple of percent higher than when that call came in at the end of June. So this is what happens. If that individual would have sold out at 1270 at that time, he would be faced now with either sitting it out or re-entering at a higher level." Brinker continued: "And certainly we've seen some nice dollar-cost-average opportunities this past week in the market. I must admit on Friday I was taking advantage of some of the bargains that were out there with the market in the 1200's, reacting to this hyper-drama out of Washington DC. I know many of you also have been taking advantage of the dollar-cost-averaging opportunities on short-term weakness - and certainly it's minor. I mean, 5% is really noise when you look at the market over time.......If you've been listening to this broadcast, we have not been part of the panic-brigade here on Moneytalk.