Search Bob Brinker Blogs

Saturday, October 11, 2008

Bob Brinker Forecast New Highs in 2009

Blogger jeffchristie said...

I was doing a search of message boards to see what people were saying about Bob Brinker. I came across this at the S&P 500 message board at Yahoo:

"New Record High In 2009? 30-Sep-08 12:23 pm That is what Bob Brinker predicted in his Sept News Letter.


Does anyone know if this statement is correct?

October 11, 2008 7:14 AM

Yes Jeff, that is absolutely correct. In September, Brinker said that he was looking for the S&P 500 record highs to be challenged in 2009 as the economy recovers, inflation eases and corporate earnings improve.

Mark Hulbert's October 7, 2008 article in Barron's says the following:
"• Bob Brinker's Marketimer: Bullish. In his most recent issue, which was published in early October, editor Bob Brinker wrote: "We believe the stock market will return to an uptrend within six months of the start of the next economic recovery. Although the timing of the recovery is uncertain, our view is that it could be underway by next spring. If that scenario unfolds, we could be looking at a stock market turnaround beginning in this year's fourth quarter. This bear market decline has been accompanied by an extraordinary flow of negative financial news, but we are focused on stock market recovery in 2009 as investors go through the process of discounting economic recovery prospects in advance of an improved economic outlook." Brinker is recommending that subscribers' stock portfolios be fully invested."

As usual, Mark Hulbert is a bit deceptive in his comments about Bob Brinker.

If he wanted to be completely honest, he would have said that Brinker is recommending that his "subscribers' stock portfolios" REMAIN fully invested -- just as they have been since March 2003 and throughout the ravages of this bear market.

Sorry, I don't know who took this picture.


Top Rated Newsletter

Timer Digest Features
Kirk Lindstrom's Investment Letter
on its Cover

Cick to read the full page article!