The last time Bob Brinker raised cash and lowered his asset allocation from 100% in equities was in early 2000 when he went from 100% equities to 35% equities and 65% money market funds.
Starting on October 16, 2000, Brinker’s subscribers started to get a special bulletin vial the US mail advising them to "Act Immediately" and buy QQQ in anticipation of a 2 to 4 months "counter trend rally" for a 20% or more gain. The message boards related to "The Bob Brinker Fan Club" were on fire with activity because Brinker recommended even his most conservative subscribers put a large percentage in this risky asset class. Confused subscribers who called the Marketimer office were told "Bob is comfortable with QQQ at $86" by office staff.
See => Bob Brinker's QQQ AdviceMany of the individual stocks inside QQQ rallied but the majority did not so QQQ continued its plunge.
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I believe he dishonestly advertises his results because he does not include this QQQ trade in his performance numbers. Several of us did a calculation to see what the overall effect of the advice on his results:
PowerShares Symbol ChangesPlease note that effective immediately, Nasdaq has implemented the following ETF symbol changes. Any open ETF or option orders for impacted symbols have been cancelled.
Please update your Watch Lists and Alerts for these new symbols as the old symbols will no longer be recognized.
|ETF Symbol Changes||Current Symbol||New Symbol|
|PowerShares QQQ Trust, Series 1||QQQQ||QQQ|
|PowerShares S&P SmallCap Materials Portfolio||XLBS||PSCM|
|PowerShares S&P SmallCap Energy Portfolio||XLES||PSCE|
|PowerShares S&P SmallCap Financials Portfolio||XLFS||PSCF|
|PowerShares S&P SmallCap Industrials||XLIS||PSCI|
|PowerShares S&P SmallCap Information Technology Portfolio||XLKS||PSCT|
|PowerShares S&P SmallCap Consumer Staples Portfolio||XLPS||PSCC|
|PowerShares S&P SmallCap Utilities Portfolio||XLUS||PSCU|
|PowerShares S&P SmallCap Health Care Portfolio||XLVS||PSCH|
|PowerShares S&P SmallCap Consumer Discretionary Portfolio||XLYS||PSCD|
Copies of Bulletins sent in the mail