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Thursday, September 18, 2008

Bob Brinker Has Not Issued a Sell Signal

Bob Brinker's non-existent sell-signal means his model portfolios one and two are 100% invested in equities, as they have been since March 11, 2003 when he returned his 65% cash reserves back into the stock market after having been in money market funds for two years. (Of course, that doesn't account for the QQQQ trades.)

In addition to always advising dollar-cost-averaging new stock market money, Brinker regularly issues an "attractive for purchase" level of the S&P for lump sum investing.

Brinker often brags about these buy levels on Moneytalk -- AFTER the market is much higher. Many times, I have felt very sorry for callers who asked him for advice and the answer they got was Brinker bragging about what "we" did back when the market was at "X."

Now the worm has turned -- so to speak. Instead of the market climbing above Brinker's buy levels, it just keeps falling further every time he issues them. Yes, THEM. He has lowered them four times this year and done completely away with them twice. As of September 16th he recommends dollar-cost-averaging only.

Brinker has changed his "off the books," but very real, buy levels this many times this year:

* Aug 16, 2007 - January 4, 2008 @ 1411: Mid-1400's
* January 20th -- rescinded mid-1400's (recommends dollar-cost-average only)
* Feb 10, 2008 @ 1331: Low-1300's
* Aug 5, 2008 @ 1285: 1240 or less
* Sept 2, 2008 @ 1282: Low-to-mid 1200's
* September 16th -- rescinded low-to-mid 1200's (recommends dollar cost-average only)

Some much needed humor written by pen-name, Pig:

"Humpty Bobby once sat on the wall

Humpty Bobby had ANOTHER great fall

All the queens Bots and all the queens Shills

Couldn't contain the Basher thrills

More ads.....on the show, .......we need more ads

The Goobers and Geezers are surely mad

He needs new subscribers .........let's scare them bad

For his retirement, to surely pad

O' Prancer, O' Dancer, O' Junior, you bum

why can't you sell your rag to these scum


This is a fun picture of my cat, Lama. He's safely inside my living room. 8~)


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