I am amazed at the thousands of hits per day we're getting here after months of far less. My guess is people who once subscribed to Bob Brinker's Marketimer newsletter got an email alerting them of a Special Bulletin. Rather than pay Brinker for another "Gift Horse Buy" bulletin like he issued in 2007 just before the Stock Market collapsed, they search the internet to see what it is about, perhaps out of curiosity to see if it is again another contrarian indicator or will he flip the coin correctly and get it right this time.
The bottom line is how does it matter?
Brinker has been FULLY INVESTED in the STOCK market with his Portfolios one and two 100% in stocks since March 2003!!!
For the last few years, he's written "dollar cost average" and "dollar cost average on weakness." When asked how long a periods to dollar cost average, he usually says a year.
A year ago, the S&P500 was above 2100. Today it is 1918, about 9% lower.
The S&P500 is quite a bit LOWER now than it was a year ago and we've had four periods of even more weakness into the 1800s.
Anyone who cares enough about his advice to PAY for it would be fully invested via dollar cost average or simply lump summing into his portfolios when they subscribed to his newsletter. A bulletin here to BUY would only be useful as ADVERTISING MATERIAL so he can talk about it if or when the market recovers to the 2100s where he was fully invested and saying "dollar cost average into the market." If the market crashes like it did when he issued a buy bulletin before the financial collapse, then he'll simply never mention it on the radio, cut off callers who ask about it and talk about his fixed income only portfolio and how well that is doing.
An email alert I got from a money manager who follows Brinker said
"Bob Brinker feels the U.S. is in a “soft patch” and not going into a recession. He believes the market is going throw (sic) a correction and remains constructive on the stock market."Make sure you read my three new articles:
- Feb. 23 2CS
Indicator Back Above 20 After Market Rallies 7.5%
"In the past two years, buying the S&P500 when the 2CS was under 30 has yielded good results within a few months. Buying when under 20 has produced even better results."
- Feb 18 SPY Up Sharply Since Sentiment Charts Suggested Another Tradable Low
- Feb 11 With SPY Down 14% Again, Sentiment Charts Suggest Another Tradable Low