September 27, 2008, Brinker said: "I don't have a recommendation to sell stock right now. And if I did have a recommendation to sell stock right now, you would know about it."
Many would agree with that advice, but what a shame that Brinker did not recommend raising cash before the bear market began.
December 5, 2007 Marketimer (S&P 1481) Bob Brinker said: “As is frequently the case, a number of stock market forecasters are claiming that the correction is the start of a bear market. We have heard the same claims during every correction since this bull market began in March of 2003. We continue to believe that a bear market (S&P Index decline in excess of 20%) is not on the radar screen at this time. We expect the bull market to continue at least well into 2008, and we look for significant stock market gains, including new S&P 500 record highs."
- Dow declined 7% (10,365: lowest level since November 2005)
- S&P 500 Index declined 8.79% (1106.42: biggest one-day point drop since 1987 -- lowest level since 2004)
- Nasdaq declined 9.14% (1983.73: lowest level since 2006)
- $Oil declined 10.12% ($96.07)
- GLD rose 3.38% (89.57)
"Stay invested!", he told 'em
"Down to your last cent" -
Even as the markets declined
By THIRTY per cent
His portfolios blew up
It is very ghastly
Well, that's what you get
For kicking a grizzly