One wonders how long Bob Brinker can talk about anything but the poor performance of the stock market on his "Moneytalk" show. Here are my ideas on what he might talk about this weekend to avoid "Market Talk."
- The Rise and Fall of Fannie Mae and Freddie Mac
- Warren Buffett on Goldman Sachs and Financial Bailout Package
- Washington Mutual - Largest Bank Failure in History
- VIX: CBOE Volatility Index Signals Fear is High
Hmmm, maybe not that... it has to do with the stock market!
This chart clearly shows we remain in a bear market.
Click chart courtesy of stockcharts.com for full size imageBob Brinker has been bullish and recommending a fully invested position in the stock market since March 2003. I wish he would talk about what went wrong with his timing model on the radio or even in his newsletter.
Bob Brinker wrote in the January 2008 Marketimer with S&P500 @ 1468.36:
Bob Brinker wrote in the January 2008 Marketimer with S&P500 @ 1468.36:
“In summary, the Marketimer stock market timing model indicates that conditions are favorable for the market as we enter 2008."And
"We expect the S&P Index to achieve new record highs this year and to reach the 1600’s range in the process. “Instead of talking about what went wrong with his timing model, he keeps issuing new buy signals as the market falls, perhaps hoping new subscribers will think he called a bottom if the market turns up. Either that or he hopes his current subscribers have poor memories.
Note in my newsletter I don't pretend to be able to time the market. I try to be READY for whatever the market throws at me with an asset allocation designed to do well over the long term aided by exceptional stock selection that I HOPE continues.Experts from Bill Sharpe and Larry Swedroe to John Bogle approve of what I do and NONE of them believe in market timing but for an "entertainment" portion of their portfolios.
To learn what I recommend for newsletter portfolios, subscribe now!
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.