Bill only made two comments today that might be of interest to some of you. He told one caller that it was too late for long-term investors to bail-out of the stock market. And he made this comment: "Inflation is out there, as we all know -- eating us alive like gnat bites." That is exactly opposite from what Bob Brinker says about inflation. The remainder of the 3 hour program was devoted almost exclusively to energy and political talk.
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Bob Brinker has basically bungled his market-timing advice since June 2007, and he has simultaneously remained 100% invested.
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Pen-name, Pig, said: "THE (infamous) TIMING MODEL IS BROKEN!! IT DOES NOT WORK. IT DID NOT KEEP THE SUBSCRIBERS FROM MISSING A BEAR, WHICH HE PROMISED!
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He (((ROARED))) at Buy-N-Holders, and he became one AGAIN, along with the QQQQ and TEFQX." (Please see comments section in previous article for all of Pig's comments.)
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Honeybee replied to Pig: Brinker certainly did have a good time bashing the "bad news bears," "cassandras," and the "false prophets" back on May 31st when he thought the March low was the bottom.
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The other "elephant in the room" is the fact that his timing model not only missed the bear market, but it must have contributed to his mistakenly calling the bottom and issuing a new, lower, buy-signal (low-1300's) in February.
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Oops, then the market just continued on down into bear territory -- the S&P nipping at 1200.
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Now Brinker has issued a new buy-signal (1240), and only time will tell if that will hold and he will finally have found a bottom."
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Pen-name, InvesTing's, entertaining and accurate commentary on Brinker's botched and bungled bear market-timing calls.
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"Wow, it looks like all departments in the Brinker business are busy trying to change the subject to anything but marketiming and his performance. Queen Peanut Butter and the department headed by the alias Midwest Investor have been quasi successful in the Biden approach to changing the subject and burying the sad tale that is Brinker's yammering.
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They know and cannot dispute that Bob Brinker has never successfully predicted a bear market in his life.
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They know that Bob Brinker missed this bear market and has never admitted there was/is a bear market.
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They know Bob Brinker totally embarrassed himself with his rant at near the beginning of June calling those pessimistic about the market "False Prophets" and "Cassandras"
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So it is no wonder that the multi alias shills are busy busy busy trying to be sure that someone doing a search don't find the truth.
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Anyone want to wager on Crazy Bob admitting there was/is a bear market this weekend?"
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Honeybee wrote:
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"Bob Brinker's market-timing calls paraphrased:
August 2007 through January 20, 2008:
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If you have any new money, inheritance, retirement, lotto winnings or house-sale proceeds that you want to invest in equities, mid-1400's is a gift-horse buying opportunity.
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February 10, 2008:
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If you have any new money, inheritance, retirement, lotto winnings or house-sale proceeds that you want to invest in equities, low-1300's is an attractive for purchase level.
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August 5, 2008:
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If you have any new money, inheritance, retirement, lotto winnings or house-sale proceeds that you want to invest in equities, any weakness below the S&P 500 Index 1240 is an attractive for purchase level.
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June, 2007, Brinker said that the "secular bear megatrend" (which he claimed was running concurrently with a "cyclical bull" market), had ended the prior year (as of June, 2006).
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January 4, 2008 (S&P 1468.36) Bob Brinker said: “We expect the S&P 500 Index to achieve new record highs this year and to reach the 1600’s range…….attractive for purchase on any weakness in the S&P 500 Index mid-1400’s range.”
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Bob Brinker is 100% bullish, 100% invested, and before the stock market dropped into bear territory he stated on Moneytalk, that there is no bear market and that he did not expect one.
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Brinker has never acknowledged on Moneytalk that he believes the market is now in a secular bull trend and that in July the S&P dropped into (his own definition) of a bear market."
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