The initial stage of the current major correction (more than a 10% decline) has taken the S&P 500 Index into the 1800s range. Now that the initial correction stage is completed, Bob expects the S&P to stage a short-term rally which will run out of steam and roll over into a test of the initial bottom area. The establishment of an initial area of a correction bottom, followed by a successful test of the bottom area, is a pattern of market behavior that has occurred many times and has led the market higher going forward.Brinker's been fully invested since March 2003 so if you follow him, it would only be useful if you inherited or found money and were taking his advice to dollar cost average it into the fully invested position he recommends.
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I took very significant profits when the markets were higher and put some into the market including when we made the lows last month.
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