Dancing Bob Brinker

For anyone still holding TEFQX or QQQ per Bob Brinker's advice to purchase these securities in 2000 before the market melted down, this one is for you.

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Bob Brinker's dancing is similar to his advice. He gave aggressive "off the books" advice to buy QQQQ and TEFQX back in 2000 that worked out poorly. Clients in his money management company, the BJ Group, had no choice and all portfolios were put into the NASDAQ100 before it crashed. Brinker likes to advertise his "model portfolio" results that stayed mostly in cash but we know better. Brinker has "danced" around questions about this advice ever since.

=> Bob Brinker's QQQ Advice

• We recommend Marketimer subscribers with aggressive objectives invest 30% to 50% of existing CASH RESERVES in QQQ shares in order to exploit this opportunity.
• Also we recommend subscribers with conservative objectives invest 20% to 30% of CASH RESERVES in the QQQ shares in order to take advantage of this opportunity.

=> Bob Brinker's TEFQX Advice

• Brinker, Feb 8, 2000 MT: TEFQX=$15.99; "Firsthand e-Commerce Fund is the newest addition to the Marketimer No-Load Fund Recommended List on Page four...... We have ALWAYS viewed books, toys and on-line auctions as the tip of the iceberg for electronic business. We believe business-to-business transactions will greatly surpass retail e-commerce including software development tools, database providers, hardware manufacturers and service providers.
  
  We are very positive on the potential for the internet growth track to carry forward through international penetration. We are hopeful the fund will be able to add many of the best positioned B2B companies going forward. Many of these companies are not yet publicly owned but will come to market in the future."

TEFQX Chart:

More TEFQX Charts

QQQ Chart

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Political Humor

Bob Brinker seems to love bashing politicians. A Canadian friend sent me this and I felt this was a great place to post this joke.

Last Tuesday, as President Obama got off the Marine One helicopter in front of the White House, he was carrying a baby piglet under each arm.

The squared-away Marine guard snapped to attention, saluted, and said, "Nice  pigs, Sir."

The President replied, "These are not pigs. These are authentic Arkansas Razorback Hogs.

I got one for Secretary of State Hillary Clinton and one for Speaker of the House Nancy Pelosi."

The squared-away Marine again snapped to attention, saluted, and said, "Excellent trade, Sir!"

Post and Read Comments

Feel free to add other CLEAN jokes in the comments section.

Bob Brinker Bottom Catching Humor

I found this cartoon on another message board.

To: happy_camper on 12/22/2008 at 4:53:59 PM
From: Runomo™

Here's another one pointing out the perils of trying to catch a bottom in this market .....

I am sure Bob Brinker followers can relate given the bottoms Brinker has called as shown on this graph.


Here is hoping you can beat the chimp throwing darts at the Wall Street Journal next year.

With rates so low, banks will try to sell you their annuity products. Make sure you read my article:

Beware of Annuities

Merry Christmas Everyone!

Post and Read Comments Here

Two of the Worst Stock Market Calls in History

Humor is the only medicine for those who took Bob Brinker's advice to be 100% in equities at the start of 2008 and to hold those 100% positions all the way down. (Advice for Model portfolios #1 and #2. Model portfolio #3 was about 66% in equities at the top.)

"Tom" posted this bit of humor on "Honey's Bob Brinker Beehive Buzz" in the comment section for her article titled "S&P 500 Index Below Brinker's March, 2003 Buy Signal."

2 very bad market calls in history:

"Stock prices have reached what looks like a permanently high plateau."
Irving Fisher, October 1929

"We continue to believe that a bear market (S&P Index decline in excess of 20%) is not on the radar screen at this time."
Bob Brinker, December 2007

Click to see full size chart

Tom had some good ones, but these are pretty good also:

June 2007 Marketimer:

”In our view, the valuation based secular bear market that was established following the March, 2000 closing high for the S&P500 index (1527.46) and following the January, 2000 closing high for the DJIA (11723), reached its conclusion on June 13, 2006 at the bottom of the mid-term off-presidential election year correction.”

December 5, 2007 Marketimer (S&P 1481) Bob Brinker wrote:

“The short-term correction that began in October and continued into November has served as a health-restoring pullback and has paved the way for new record highs in the S&P500 index.”

and

“Marketimer subscribers have been able to add to positions on this short-term correction based on our recommendation to view the stock market as attractive for purchase on any weakness into the mid-1400’s range”

and

"We continue to believe that a bear market is not on the radar screen at this time. We expect the bull market to continue at least well into 2008, and look for significant stock market gains."

Finally, he wrote

“We continue to rate the market as attractive for purchase in the mid-1400’s… Any additional weakness below this range is regarded as a gift horse buying opportunity.”

Click to see full size chart

Riddle: What do you call a "market timer" who rides a 45% or more bear market down while fully invested and giving "gift horse buy signals" after the first decline under 10% near the top?

Please post your answers in our comment section.

4% to 5% CDs are looking pretty smart these days.

• 4% 1YR CD at Wachovia Bank
  
• 5% 3 to 7 Yr CDs at Pentagon Federal Credit Union

Long Term Results that Speak for Themselves
Since 9/30/98 inception, "Kirk's Newsletter Explore Portfolio" is UP 373%
vs. the S&P500 UP only 52% vs. NASDAQ UP only 55% (All through 11/30/11) 
(More Info, Testimonials & Portfolio Returns)

In 2010, "Kirk's Newsletter Explore Portfolio" gained 20.4% vs. the DJIA up 11.0%
In 2009, "Kirk's Newsletter Explore Portfolio" gained 33.5% vs. the DJIA up 18.8%