Pen-name "Andy Sxxxxx" said:
"Have we had a second bear market... a 20% decline.... since Brinker told that caller less than two weeks ago his advice was to not sell?As Andy pointed out, Brinker cannot hide this like he did the QQQQ-trade by not adding it to his model portfolio record. And Mark Hulbert will not be able to give Brinker a mulligan by using a "footnote" to explain it away in Brinker's performance rankings in Hulbert's Financial Digest.
I see QQQ all over again except this time the failure to time the markets is on his official record.
I read in Forbes that the DOW fell 34% in the 2000 to 2002 bear. It is down more than that now... but at least it started at a higher level."
drafted said...
Thank you Honeybee
I just computed Bob's Profolio I loss from Oct 31,07 and I think it has declined about 35%
October 8, 2008 8:47 AM
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- jeffchristie said...
Mary Lynn
Thank you for mentioning Louis Navellier. Brinker doesn't talk about the stock market on Moneytalk any more. Below is Navellier's website. He gives his opinion on the market and if you sign up you will get a weekly Email about what he thinks is going on in the market. I am not saying he is great but unlike Brinker at least he is still talking about the market.
www.navellier.com
Navellier -- Weekly Marketmail
- princepro110 said...
I would suggest John Mauldin's........."Thoughts from the Frontline" free e-letter updates with may reprints from his friends around the world. He was predicting our current freefall for over a year in housing/financials. He is a frequent guest on Kudlow.
JUST AN OBSERVATION: THE FIRST TIME THE S&P HIT ITS CURRENT LEVELS WAS IN JANUARY OF 1998. THIS MEANS THAT FOR THE LAST 10 YEARS IT HAS BEEN ESSENTIALLY TRENDING SIDEWAYS WITH WIDE FLUCTUATIONS. ACTUALLY, THINGS ARE EVEN WORSE THAN THAT WHEN ONE FIGURES IN INFLATION!
I READ SOMEWHERE THAT RETIREMENT ACCOUNTS HAVE LOST OVER 2 TRILLION DOLLARS SO FAR.
October 7, 2008 11:03 PM