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Saturday, March 22, 2008

Bob Brinker on Moneytalk Today?

Bob Brinker usually takes holiday weekends off from Moneytalk, so I do not expect to hear him on the air today.
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I wanted to call your attention to an outstanding market update that Kirk L. has written here:
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http://kirklindstrom.blogspot.com/2008/03/market-update-for-march-22-2008.html

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Kirk also wrote the following about Bob Brinker's performance record and Mark Hulbert's assessment:
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"......Since October 15, 2000 when Bob Recommended QQQQ to his investors for up to half their cash reserves, my newsletter explore portfolio is up 41.7% while his QQQQ is down (46.4%) You can see why I recommended and continue to recommend my Explore Portfolio over Bob's QQQQ.

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From Hulbert:
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"Brinker’s fund selections on average have lagged the market. The HFD reports an 11.5% annualized gain for his “Aggressive” portfolio, which is 0.9 percentage points per year less than what this portfolio would have made if each of its funds were invested in the DJ Wilshire 5000 during the times they were owned.
__ March 2008 by Mark Hulbert on Pg 3 of the March 2008 issue of "The Hulbert Financial Digest"
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"Please note: In late 2000, Brinker forecasted a several-month bear market rally and recommended an investment in the NASDAQ 100 Index—a trade that turned out quite unprofitably. However, because Brinker at the time of making this forecast chose not to make this trade part of his model portfolios, his HFD record has not suffered as a result."
__ March 2008 by Mark Hulbert on Pg 3 of the March 2008 issue of "The Hulbert Financial Digest"
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Add the QQQ trade and he loses another 30% from his Aggressive portfolio!"
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http://home.netcom.com/%7Efanclubs/BobBrinker/Kirk/QQQQEffectOnPortfolios.html
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