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.
See => Bob Brinker's Asset Allocation HistoryBob Brinker's advice to his newsletter subscribers in early 2000 was to keep the cash liquid and wait for instructions on how to deploy that cash for short term trading "opportunities.
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:
=> Effect of QQQ advice on reported resultsWith his partner Sheldon Jacobs, Bob Brinker used to manage money for a fee. As the letter below shows, those people didn't have a choice to not include the QQQ trade in their results as the BJ Group made the trade for them.
PowerShares Symbol Changes
Please 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
Copies of Bulletins sent in the mail
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Click to View what Brinker sent in the US Mail
With "fans" like you that tell others the truth about Bob's not-so-hot market calls cost hism followers mucho dinero he really does not need enemies. Sometimes the truth hurts so I guess pointing out Bob's less than excellent adventure with the QQQs could be considered tough love. A real friend would tell you you have a bogger hanging out of your nostril and that's pretty much what you've done for old Bob.
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