Bob Brinker wrote in the June 2010 issue of Marketimer: "We will continue our effort to identify the cyclical bull market opportunities while doing our best to take a defensive stance during the cyclical bear markets. For now, we are maintaining our favorable stock market view in what we view as a continuing cyclical bull market."
Bob Brinker's model portfolios have remained fully invested as the S&P 500 Index has now declined 6.7% year to date and 15% since the recent April 23, 2010 market high (1217). How well have his portfolios performed during this "market correction"?
Data compiled from Bobbrinker.com:
Model Portfolio I:
As of 4-30-10: $249,377
As of 6-30-10: $217,994
Down: 12.6%
Model Portfolio II:
As of 4-30-10: $208,652
As of 6-30-10: $182,294
Down: 12.6%
Model Portfolio III (50% bond funds):
As of 4-30-10: $209,835
As of 6-30-10 $195,123
Down: 7%
Since April 2009, Bob Brinker has recommended "buy on weakness." Now that the S&P 500 Index has corrected 15%, Brinker says that it is "attractive for purchase." The S&P level that equals a 15% decline from the April 2010 high, is 1030.71.
The S&P closed at 1023 today (July 2, 2010).
Dixiegeezer took this lovely "field of waterlilies." Reminds me of a great Monet masterpiece:
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