JoeJr wrote:
"Bob Brinker's P 1 is still down YTD as of the 21 May 2008 close. I looked at each fund in the portfolio. I subtracted the value as of 21 May 2008 from the value on 31 Dec 2007. All funds were down YTD. I then took the % down times the weighting in the portfolio. The total was then divided by 100 and Brinker's P 1 is down 3.3% YTD as of the 21 May 2008 close. All data was obtained from Yahoo finance.
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I will not reveal the funds involved for fear that Brinker might force the closure of this board just like he did at fund alarm and suite101."
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Honeybee here: Brinker's subscribers must be happy that the market has recovered so much from the March lows.
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On the other hand, it must have been difficult for Marketimer subscribers (who count on Bob Brinker to warn them when a bear market is looming) to have ridden this market down fully invested while expecting imminent new highs.
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The Nasdaq definitely went into bear territory at a 24.1% drop on a closing basis. The S&P dropped 20.2% intraday, and 18.6 on a closing basis.
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As he admitted on Moneytalk, Bob Brinker did not see this one coming. Brinker had opined that the 7-10% correction last year had restored health to the market.
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Last October, as the market reached its all-time-historical-record-high, Brinker was predicting MORE new highs and saying that the S&P would reach into the mid-1600's.
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And from August, 2007 through January 4, 2008, Brinker was recommending all-new-money-in at the mid-1400's level. Unfortunately, there is still quite a distance to go before the market gets back to where it was in October 2007.
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Recently on Moneytalk, Brinker bragged about his new "buying opportunity" of low-1300's. Seems to me like he just moved the goal post and began a new game. Rather ridiculous when one thinks about it.
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My weekend Moneytalk Summary drew several very interesting, varied and sometimes amusing, comments by CWK, Princepro110, Jeffchristie, Jumpnjoey, Kirk and "Thoughts of a Conservative Genius Mind".
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Don't miss them! 8~)
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