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Honeybee said: The March lows were in the mid-1200's range and Brinker first issued the "low-1300's attractive-for-purchase buy level" on February 10th, so HOW COULD IT HAVE BEEN BASED ON THE MARCH LOWS? (see Brimelow's February 21, 2008 Marketwatch article.)
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Some interesting comments about the Moneytalk Summary and Bob Brinker's stock market "attractive for purchase" ratings:
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Simple question. If his recommendation has been 100% invested since March 2003. How can he keep putting out buy signals at lower and lower levels? Then taking credit for a buy signal lower than then where the SPX is now when he put out a buy signal when the SPX was over well over 1500?
Riddle me this, riddle me that.
June 3, 2008 12:30 PM
Jumpnjoey,
It certainly is a riddle that I have no answer for, but many of his entourage like to give him credit and kudos for doing it.
So as long as he continues to brag about it, I simply try to keep him honest.
Not an easy job, but someone has to (try) do it.
8~)
June 3, 2008 3:16 PM
Such a simple question would likely warrant a simple answer.
I bet none of the Brinker apologists, supporters, or even the boot lickers will ever answer that question. That is how the shills always operate.
They have all left this planet anyway, in the last few days. :---)
June 3, 2008 3:09 PM
Mr. Pig
The shills have explained this numerous times.
"Was that similar to looking for 1600's when fully invested last year then saying he gave a buy signal at 1300 without selling anything?"
No. The 1300 was only for people with NEW MONEY to invest, and is not included his reported results. Rating :
(6 Ratings) fahrenheit_... AKA mathjunkie
June 3, 2008 4:09 PM
No. The 1300 was only for people with NEW MONEY to invest, and is not included his reported results.
100% invested does not mean being 100% invested? When did he put out an alert not to be 100% invested?
June 3, 2008 4:48 PM
Jumpnjoey said: "100% invested does not mean being 100% invested? When did he put out an alert not to be 100% invested?"
BINGO!!! In addition to being 100% invested, he has recommended dollar-cost-averaging all new money into the market for decades -- NON-STOP.
The Anza-Borrego Desert will freeze over before Brinker ever explains on Moneytalk that he rode the 20% correction down fully invested and is now riding it back up -- that would be the honest thing to do.
Instead, all he can do is call these "bottoms" and new buy levels when the market drops, and consequently perpetrate a falsehood on his listeners.
The only people who can possibly benefit from these so-called buy-levels are ones who happen to come into a large amount of money.
Pity the poor suckers who inherited money, sold a house or perhaps retired and received a bundle during the six months that Brinker was so eagerly promoting his mid-1400's buy level and sunk all of it in at one time.
June 3, 2008 5:07 PM
Brinker ever explains on Moneytalk that he rode the 20% correction down fully invested and is now riding it back up
I don't think "back up" has much helium left. SPX closed under long term support today. We will be retesting 1320 again soon.
http://stockcharts.com/charts/gallery.html?$SPX
Only playing the long side you are missing out on 50% of potential gains. Kind of sad actually, since it is so easy to go long and short indexes now via ETFs.
Once again I will mention Brinker was really, really saved by the Fed bailing out JPM by taking Bear Sterns credit swaps until their books. If the Fed did not take that action we would be talking about SPX below 800 now.
June 3, 2008 5:28 PM