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Monday, September 15, 2008

Bob Brinker's Market-misTimer

Bob Brinker's stock market-timing seems to be failing at every turn. He has proven once again that he is unable to discern when a bear market is about to arrive.

As of now, he has failed to predict even one with accuracy. He always said he would be out of the market before they "carried out the piano player." Oops. He missed the 1987 bear Crash, partially called 2000, and now has completely missed this one.

Worse, he has misled subscribers and Moneytalk listeners into sinking all new stock market money into the market at much higher levels.

On Moneytalk, he has bragged about his mid-1400's buy level which was in place up to January 20, 2008. And he has bragged about his 1310 buy level to a caller as recently as April, 2008.

He issued a new, lower buy level in August -- and he thought it would hold. In the September 3, 2008 Marketimer, Page 1; Paragraph 3; Bob Brinker said: "Although additional testing of the area of the July 15 closing low may occur, we view the S&P 500 low-to-mid 1200's range as an attractive area for equity purchases." Oops...the S&P 500 is now at 1192.70.

On Moneytalk, beginning in June, Bob Brinker said that he regarded the price of oil as the wildcard in his forecasts. Oops....the price of oil is now at $94.90

Some Humor From SeaBiscuit:

Another Brinker buy signal fails

As bear drops the hammer

The bots await another buy signal

In the next newsletter

Brinker Shave!

"Don't you worry", he says

"The bull-market is still intact"

The bots are loyally following him

But they're getting shellacked

Brinker Shave!


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