Bob Brinker's Moneytalk Stock Market Comments

Bob Brinker is quite gifted when it comes to making callers "regret" it if they are not subscribers. Here is how he answered a caller today when the caller explained that he had a large sum of new money to put in the market.
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Of course, Brinker doesn't actually "lie" but he certainly doesn't tell the whole truth either. (Remember that the S&P is now at 1525.) I'm sure the caller felt real good when he heard how he missed out on Brinker's "extraordinary opportunity" to put his money to work. I'm sure he found that information very helpful. If I was a gamblin' woman, I'd bet he immediately subscribed to Marketimer. 8^)
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EXCERPT from Bob Brinker’s STOCK MARKET Comments Sunday, September 23, 2007.

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Bob Brinker said:
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“I agree with your dollar-cost-average report. We rated the market attractive for purchase for the past couple of months on weakness into the mid-1400s of the S&P 500. And we had more than a dozen opportunities to get into the market down around that general vicinity of the mid-1400s of the S&P Index. And it was an extraordinary opportunity to put money to work. And that certainly was my recommendation. But I agree with you, with the market up here near its all time high, I would prefer the dollar-cost-average approach for new money.”
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Now here are the facts

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• 1) In March 2007, Bob Brinker gave a buy signal at "1380 or lower" and the stock market stayed above that level, so the advice to dollar-cost-average would have trumped that buy signal.

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• 2) In August 3, 2007, Bob Brinker gave another buy signal in the "mid-1400" range and the stock market almost immediately began to drop below that, reaching 1380 intraday, closing at a low of 1406 on August 15, 2007.

Ding! Ding! Ding! A rather large miss if you bought at 1450 or above and the 1380 never was hit (on a closing basis).

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