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Bob Brinker was very bullish and predicting new highs in the stock market right up until the day the market began declining about 4 days after the January Marketimer was published.
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Marketimer, January 4, 2008, Page 3; Paragraph 1; Bob Brinker said: "We expect the S&P 500 Index to achieve new record highs this year and to reach the 1600's range in the process."
All of Brinker's Model Portfolios were 100% invested and rode the correction down, so they are making a round trip. Hopefully, they will return where they were at the October, 2007 all-time-historical-record-high of 1565 -- some day.
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Kirk Lindstrom posted the following information on the Bob Brinker Discussion Forum at Facebook (post number 1391):
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Kirk wrote:
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"Brinker recommended fully invested with DCA of new money when the market was 1565. Some of the "Kirk Critics" have been critical of me elsewhere for my explore portfolio dropping 10% last year while they seem to want us to avoid discussing Brinker has kept his whole portfolio in the market that declined 20.2% on an intraday basis where he was unable to buy the dips like I did since I take profits. Due to having funds to buy stocks near the lows that are now up significantly, my explore portfolio is roughly flat YTD (down 0.6% as I type) while the markets are still down YTD (VTSMX down 4.2% YTD)
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Change since 10/31/07
Brinker P1 10/31/07 $302,561
Brinker P1 3/31/08 $252,199 -$50,362 (16.6%)
Brinker P1 4/30/08 $267,456 -$35,105 (11.6%)
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Down 16.6% from Oct 2007 at the end of Q1-08 is not the max his portfolios were down from the peak, just the max monthly changes. Even so, 16.6% is pretty large and not "insignificant." Given the market has recovered, his most recent numbers show he is still down 11.6%. Some people say they pay him for market timing to avoid "significant declines" which makes me wonder if they think 16.6% is "insignificant" knowing that on a daily basis his portfolio was down even more from its peak due to his NASDAQ100 holdings."
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