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Friday, July 2, 2010

Bob Brinker Says Market Attractive for Purchase Now

On Moneytalk, Bob Brinker is on record saying that the stock market is simply "correcting," and he does not believe it is headed for a 20% cyclical bear market decline this time.

Bob Brinker wrote in the June 2010 issue of Marketimer: "We will continue our effort to identify the cyclical bull market opportunities while doing our best to take a defensive stance during the cyclical bear markets. For now, we are maintaining our favorable stock market view in what we view as a continuing cyclical bull market."

Bob Brinker's model portfolios have remained fully invested as the S&P 500 Index has now declined 6.7% year to date and 15% since the recent April 23, 2010 market high (1217). How well have his portfolios performed during this "market correction"?

Data compiled from

Model Portfolio I:
As of 4-30-10: $249,377
As of 6-30-10: $217,994
Down: 12.6%

Model Portfolio II:
As of 4-30-10: $208,652
As of 6-30-10: $182,294
Down: 12.6%

Model Portfolio III (50% bond funds):
As of 4-30-10: $209,835
As of 6-30-10 $195,123
Down: 7%

Since April 2009, Bob Brinker has recommended "buy on weakness." Now that the S&P 500 Index has corrected 15%, Brinker says that it is "attractive for purchase." The S&P level that equals a 15% decline from the April 2010 high, is 1030.71.

The S&P closed at 1023 today (July 2, 2010).

Dixiegeezer took this lovely "field of waterlilies." Reminds me of a great Monet masterpiece:


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