Thursday, August 6, 2009
Brinker's model portfolios have remained fully invested and in "buy-and-hold" since 2003. However, he issued several "gift-horse" or "attractive for purchase" buy-levels for new money in 2008 and one in 2009. These are all "off-the-books," but are important because many of his subscribers trusted the advice and invested at these levels. And they are pertinent because they show that "market-timing" can be a costly scam.
Here is a chart of Brinker's bottom calls courtesy of Kirk Lindstrom:
In January, Brinker said that 2009 would be a "significant" year for the stock market. Of course after he said that, the market dropped another 25% and bottomed on March 9th at S&P 677. Brinker no longer issues "buy-levels" by numbers, instead he simply says "buy on weakness."
This is my flame-point Himalayan who prefers to sleep in the dark. LOL!
Dixiegeezer took this picture tonight: