Search Bob Brinker Fan Club Blogs

Sunday, May 09, 2010

Bob Brinker Market Outlook for May 9, 2010

Bob Brinker made it quite clear this weekend that he believes the current market weakness is a correction in an ongoing bull market.  See  below for a table, chart and market correction statistics. Brinker cited the troubles in Greece as a catalyst and pointed out that sometimes we get corrections that we don't see any reason for but this time we do have a reason.

Market Statistics:
May 8 2008 Started WeekEnded WeekChange% ChangeYTD %
DJIA11008.6110380.43-628.18-5.7-0.5
Nasdaq2461.192265.64-195.55-7.9-0.2
S&P 5001186.691110.88-75.81-6.4-0.4






Since 12/31/98 "Kirk's Newsletter Explore Portfolio" is UP 159% (a double plus another 59%!!) vs. the S&P500 UP a tiny 8.6% vs. NASDAQ UP a tiny 3.5% (All through 12/31/09

In 2009, "Kirk's Newsletter Explore Portfolio" gained 33.5% vs. the DJIA up 18.8%
Subscribe NOW and get the May 2010 Issue for FREE! !

As of 5/7/10, the explore portfolio was up 1.0% YTD (DOW down 0.5% )

FREE SAMPLE


Market Decline from Bull Market High calculations courtesy of David Korn

DOW JONES INDUSTRIAL AVERAGE

Closing High on April 26, 2010: 11,205.03
Close on Friday, May 7, 2010: 10,380.43
Percentage Decrease from Closing High to Present: 7.36%

S&P 500 INDEX

Closing High on April 23, 2010: 1,217.28
Close on Friday, May 7, 2010: 1,110.88
Percentage Decrease from Closing High to Present: 8.75%

NASDAQ COMPOSITE

Closing High on April 23, 2010: 2,530.15
Close on Friday, May 7, 2010: 2,265.64
Percentage Decrease from Closing High to Present: 10.46%

We have an 8.75% decline in the benchmark S&P 500 from the highs. Back in January, we had an 8.13% correction on a closing basis.

Charts for:

No comments:

Post a Comment

FREE Updates Mailing List


We email regular "FREE Bob Brinker Fan Club Updates" to everyone on our "Bob Brinker Fan Club" distribution list. If you would like to get on this list, then click this link.


Top Rated Newsletter


Timer Digest Features
Kirk Lindstrom's Investment Letter
on its Cover

Cick to read the full page article!






US Treasury Rates at a Glance - iBond Rates - LIBOR Rates

Must Read:
Beware of Annuities - Payday Loans Warning