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Friday, April 3, 2009

Bob Brinker Missed a Big Bear Bottom: S&P up 23.3% in Four weeks

Posted April 3, 2009: Bob Brinker missed a real stock market bottom after trying (and failing) to call one several times over the past 15 months.
Today, the stock market ended its 4th straight week of advances. The best four weeks since 1938.

In the past four weeks, the Dow has risen 21%; and the S&P 500 Index is up 23.3%.

Recently, Brinker seems to have given up on recommending new-money buying-opportunities at certain levels; and in the past couple of months has not recommended dollar-cost-averaging in his newsletter.

In the March 5, 2009 issue of Marketimer, Brinker said he was looking for a new market bottom. The S&P bottomed on March 9th and has risen 23% since then. Brinker didn't say a word about it during the whole four weeks, and he didn't issue any new-money buy-signals.
[Brinker's model portfolios have remained fully invested since March 2003.]


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