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Strategies & Market Trends : Stock and Bond Market-Timing: Can it be Done? -- Ignore unavailable to you. Want to Upgrade?

To: ETF1 who wrote (2784)	8/14/2014 12:26:26 AM
From: Kirk ©	Read Replies (1) \| Respond to of 3605

Good detective work! What is also illuminating is look at the "individual issues" with SPY in double digits and it is listed as a "hold" not a "BUY hands over fist" ... 100 points later... he's still looking for weakness to buy. Also, in that issue, I seem to recall the overall market was not a buy either even though it was "the buying opportunity of the century" according to some on CNBC. I remember buying some GE for about $6 and some FNSR split adjusted under $2 about that time.

To: ETF1 who wrote (2784)	8/14/2014 11:59:34 AM
From: Honey_Bee	1 Recommendation Recommended By Kirk © Respond to of 3605

ETF1....you wrote: Which specific Marketimer issue (month and year) are you referring to? It was in the MARCH 2009 Marketimer that Bob Brinker said that several things would have to happen before he could find the bottom. In essence he vaguely admitted that he had been finding bottoms throughout 2008, but each time, the market continued to radically decline. The process of establishing a major bear market bottom can extend over a period of several months, as we saw in 2002 2003. Clearly, the process of registering the final bottom in this bear market has been relentless, which has rendered our efforts to date unsuccessful. This is, by far, the most difficult stock market we have ever seen. Due to the fact that the November 20, 2008 S&P 500 index closing low failed to hold during the testing process, we believe a new bottoming process will be necessary in order to put an end to the bear market. This means that in order to set the stage for a sustainable market advance, we need to see a sequence of events consisting of (a) the establishment of an initial closing low; (b) a short-term rally; (c) a test of the area of the initial closing low on reduced selling pressure. Going forward, we expect the combination of aggressive monetary and fiscal policy measures, and initiatives to improve the health of the banking system, to favorably affect the economy. In 2008 he made bottom calls at mid-1400s, mid-1300s, 1200, etc. One might ask the question: Was it those embarrassing failures that made him decide to stop using numbers and just say "on weakness"?