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

To: Kirk © who wrote (4549)	4/11/1998 8:01:00 AM
From: Justa Werkenstiff	Read Replies (2) \| Respond to of 42834

Kirk: Yes, it seems you have had an increase in traffic since JR showed up. Welcome to the media world where all it takes is one person saying silly things to bring your site a higher volume of traffic. Do you think television ratings work the same way? You bet. And you can bet that the Brinker haters will be listening to Brinker this weekend not so much for his sage advice but as to see a car wreck in the making. JR, who admits to following Brinker's advice but dislikes Brinker's on-air personality, messages.yahoo.com@m2.yahoo.com has a serious love-hate relationship with Brinker. (He has listened to him at least since 1987 but dislikes his on-air arrogance. Gee, I usually try to do things that I enjoy in my spare time but this guy does things he hates and for over 10 years -- please dial 911!) Given his daily negative and incorrect posts about Brinker on your board and the Yahoo board, it seems he is trying to drive Brinker from the air. But he has followed Brinker's advice and driving him from his weekend occupation would destroy the information he has come to rely upon all these years. He is in serious need of counseling. All of JR's posts I have viewed contain pot-shots and all are irrelevant or untrue. I will only respond to the post you directed me to because I have a life to live and this guy apparently does not. I don't know if Bob said it was too early to get out of the market immediately before the 1987 crash as JR claims. I was not listening to him then. However, let's assume that JR is telling the truth (although most people have a hard time remembering what was said last week as opposed to last decade) and that this did happen. As you state on Yahoo, the S & P was up about 5% for 1987 so what is the big deal. More importantly, there is absolutely nobody that I am aware of who called that crash (Elaine G or M Zweig, etc.) and then got back into the market in a timely fashion to take advantage of the sell-off. Unlike those two market commentators, I'll bet Brinker was on the show the following weekend telling people to remain calm and viewing it as a good buying opportunity. So what is JR's point? Brinker's model is designed (in theory) to project a bear market; there was no bear market in 1987 according to the commonly understood definition of a bear market; so there was no reason to sell. Even if you sold out before the crash you were most probably whipsawed by following the one's who did "call" the crash because you did not buy back in until at least the spring of 1988 if you followed their advice. JR's real complaint is that Brinker is not God in that he did not both call the '87 crash and advise people that is was a buying opportunity. And I would agree that Brinker is not God and so would Brinker for that matter as he has never claimed to be God. But Brinker got the important half of the 1987 call right: it was a buying opportunity and there was no bear market and so there was no reason to sell off at the bottom. Gee, if Brinker is such a bad market timer, why has Timer Digest rated him either at the top of the list or close to it for as long as I can remember. Also, don't forget the recent Business Week article which showed Brinker as number 2 market timer with close to a 16% annual return inclusive of his foreign holdings. I have now come to the conclusion that these Brinker followers that love the advice but hate the man have come to the net to post their nonsense in an effort to seek free counseling. I am getting tired of it and will have to begin to charge for any service I render to these lost souls who find it impossible to enjoy the greatest bull market this country has ever known. I am also considering contacting ABC Radio to see if I can host a three hour post Brinker show counseling those in need. Here ABC can get the full round trip listening audience. Brinker can get them all bent out of shape and I can try to heal them in the three hours that follow. There is some serious money to be made here.