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

To: Justa Werkenstiff who wrote (5048)	5/20/1998 5:17:00 PM
From: Cynic 2005	Read Replies (2) \| Respond to of 42834

Justa, it is just a matter of how one sees the other. Yes, I do think Bob has been right for the wrong reasons. I did place Bob very high in the level of integrity because of his nature of telling what he thinks rather than what the caller wants to listen. On the other hand, an average Wall Street broker has a vested interest in perpetuating the bull trend. However, Bob's failure to see the bubble (about which I am thoroughly convinced) created by excessive growth of money is what made me think he too, as a financial professional, has a vested interest in seeing the bull-run continue. After all, that is what any "fully invested" person wants. Fidelity wants to bombard the media with ads featuring Peter Lynch as a star. I don't think their altruistic motives were above their business plans. Let us face it, Financial services industry in which Bob is a part, is dependent on OPM. And their motives are always a suspect. No, I am not equating Bob to a broker in the street corner who doesn't mind taking a little ole lady for a ride with her retirement money. What are the chances of selling more copies of "Market Timer" in a brutal bear market than now? In a brutal bear market, what are the chances of CNBC ratings as high as they are now? The funny thing is - Bob has admitted that he may not be able to spot a bear. While the blind followers of his letter think he just being modest. That kind of faith in a single person leads to a disaster. BTW, ANY person with a "buy and hold" attitude would have done great in this bull market. They don't even need "Market Timer" letter. As with Bob's call on semiconductor equipment, I had this to say since the middle of last year. exchange2000.com On this thread, however, another gentleman has been promoting other views, which closely resemble Bob's views. You mentioned Bob thought that fundamentals were great in January and they have deteriorated now. For some Bob's word may be final but not for me. I don't think they have taken a sharp turn in the last 4 months. I think the fundamentals have been getting weaker and weaker in the last 1 1/2 years. The liquidity has been masking them - that's all! JMO. Needless to say I am bearish on the market. Not that I feel qualified enough to challenge his position. But, I have read and learned enough to think independently and questing things which don't agree with. I am sorry if my views offend you or some one else here. -Mohan