To: Boca_PETE who wrote (6452 ) 10/4/2011 5:41:47 PM From: joefromspringfield 1 Recommendation Respond to of 10065 Pete "How was Brinker to know we were in recession in May 2008 when the NBER made the recession declaration LATER (as you say) than May 2008?" Obviously he couldn't know. Just like he couldn't have known that the market was going down shortly after May 2008. Here is what he said about the Market. 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.”__Bob Brinker