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Thursday, February 24, 2011

February 24, 2011, Bob Brinker's Latest Stock Market Advice

February 24, 2011....Bob Brinker's most recent stock market-timing advice is to dollar-cost-average during periods of short-term market weakness as a method of "adding to equity positions in the current stock market environment."

The S&P 500 Index closed at 1306 today. Bob Brinker is predicting a target range of 1350 to 1400 zone for 2011 based on his P/E projections. But as usual, this all depends on the economic recovery and the ability of the Federal Reserve to "manage monetary policy."

In spite of those predictions, on Moneytalk, Brinker has been very non-committal about the stock market. I looked back through my weekly Moneytalk summaries for 2011 and this is what showed up. Can you read anything between the lines?

January 2nd: Fill-in host, Neale Godfrey.

January 9th: "Brinker made no mention of the stock market today."

January 16th: Brinker said: "Are there going to be short-term corrections in here? Of course there are. It's my guess that there are going to be single-digit corrections. That's my best guess right here. That if we get corrections in this market, and we're talking about a market that's been horrendously strong as it's reached its new recovery high in the S&P at 1293. But we're certainly in a position where we could easily see short-term corrections in this market because it's always been that way. There's nothing new about this. But my personal view would be that they would be single-digit corrections based on what I'm seeing."

January 23rd: "The only mention of the stock market was at the beginning of hour three when Brinker recited the latest stock market closing numbers."

January 30th: No mention of the stock market.

February 6th: "Brinker recited the closing numbers and said it has been doing exceedingly well."

February 13th: Fill-in host, Lynn Jimenez.

February 20th: "Brinker reported that the Dow and S&P 500 index closed above June, 2008 levels -- so far this year, up 7%. The Nasdaq is almost back to ten-year high."

As they have been since March 2003, all of Brinker's model portfolios are fully invested. That is understandable when one considers that he expects any stock market correction at this time to be contained in the single-digit range -- as he said on Moneytalk just a month ago.

Dixiegeezer's "fishing in Florida" (please click to enlarge, it's breathtaking):

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