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At the S&P 500 Index all-time-record-high of last October, Brinker was looking for new highs and predicting it would trade in the mid-1600's range.
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May 31, 2008 he was bashing bad-news bears for "scaring people" out of the market and calling them "false prophets."
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As Jody commented about my last post: "So much for that idea. The S&P just closed at 1244, which is 20.5% lower than 1565."
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Thank you, Jody. It was a good idea, and I think we were all hoping Monday's low would hold even if it gave Bob Brinker a 1/100th% wiggle room.... 8~)
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So where are we now?
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.The Dow is now down over 21% since the October high.
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The Nasdaq is now down over 21% since the October high.
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The S&P 500 Index is now down 20.5% since the October high.
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No matter what the stock market does, life goes on and is full of beauty. These are growing just outside my front door:
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