Bob Brinker Free Discussion Site 59,820+
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- mrs1123
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» mrs1123 - Re: Re: Re: What Secular Bear Market?
Q3: "How many of Bob’s listeners did not return to fully invested in 2003 because they were not confident in his ability to call “counter trend rallies in secular bear markets?”Answer: I didn't trust Bob's call to get back in the market because I didn't trust him after I lost money in thQQQ's's. I invested a much smaller percent than many here but still a loss is a loss. I did get out of the market fully in early 2000 because of Bob but still the trust wasn't there. Also I was waiting for MOABO. I never ever heard Bob announce MOABO was here and it was time to jump in the market. He spoke all the time about waiting for MOABO but when he said to get back in the market suddenly the term "MOABO" was forgotten. So I sat waiting for buying opportunity of a lifetime. Did MOABO come yet?
But Bob's call to return to the market didn't effect me. I was not in the S&P 500. Bob's calls apply to those in S&P 500 index funds. My mutual funds were barely effected and didn't see a 40% gain. So by not heeding Bob's call I didn't really miss out. But later in the year when the market tanked I jumped in with both feet and my funds have been on a bull run since then.
What bothers me is the way Bob is almost insulted by people who didn't listen to him and jump back in the market with his call in 2003. He almost acts like if you didn't listen to his call it is too late and you might as well stay in cash. But as we found out the market dipped again later in the year.
What I don't like is the way Bob talks in circles. From day to day I can't tell if he is bullish or bearish. Apparently we are still in a bear market that has been in a bullish trend? He is not consistent is his speech so his meaning is often lost on me. In a way Bob punishes you for not buying his newsletter. He will tell you to get back in the market on Saturday but he does not repeat the message on his Sunday show. So if you can only listen on Sunday you can easily miss a call to get back in the market or an opportunity hat he might speak of.
I was bullish up to two weeks ago but now I am ready to pull 100% out of the market.
-- posted by mrs1123
» allancoleman - Re: What Secular Bear Market?
In response to Re: Re: Re: What Secular Bear Market? posted by mrs1123:welcome to our merry band , mrs1123 .
agree with your feeling about being " 100% out of the market " , as i got out at higher levels toward the end of december . hope you'll decide to post here often . 
.
-- posted by allancoleman
» pete2214 - Re: Re: Re: Re: What Secular Bear Market?
In response to Re: Re: Re: What Secular Bear Market? posted by mrs1123:I remember that confusion on march 2003 when no definite moabo was issued. Kirk here, was one of the person at least I know of that said there was a moabo. Might have been the other way around when kirk called the lows on oct 2002 and bob followed.
-- posted by pete2214
» mrs1123 - Re: Re: What Secular Bear Market?
Thanks for the welcome.I am glad I didn't get out of the market in December because I am up $10,000 since Dec. 31. But even though I was feeling bearish last night it looks like we might be leveling off. I hope what I am seeing is the end of the nervous nellies leaving the market and a gentle uptrend. I was ready to put the IRA in cash but I now I going to hold and wait and see if the market turns around. I might have left the market already but at the time when everybody was saying "there is no reason to be in the market" I took a 75% stock position and made a killing.
-- posted by mrs1123
» mrs1123 - Re: Re: Re: Re: Re: What Secular Bear Market?
I agree with your "confusion" on MOABO. I am quite surprised that Bob didn't recognize it as MOABO himself, I think I finally did when I got in the market. With the fear of the dropping market it is difficult to jump back in. But what I am sure Bob must have realized when he told us to buy was just how very very low the market was. I know in my fear I hadn't given thought to when the market would be low enough that it would make sense to jump back in. Luckily for us Bob Brinker did.Still though at the time of entering the market I felt many many companies were over valued. I still think many are which is why I don't see the Q's having a big run up or a quick end to the bear market.
From a valuation stand point I think many stocks still have too high of a PE ratio so it is my hope that all the money on the sidelines will come into the market and will be a catalyst for a big run up.
-- posted by mrs1123
» mrs1123 - Re: MOABO & What Secular Bear Market? To mrs1123
"Thanks for sharing your story." You are welcome. Like they say, I know so much they say I am full of it.As I read what you said about FOABO I suspect that Bob's call to enter the market on March 11, 2003 was seen by Bob as an opportunity to make a profit and quickly exit the market.
"Of course, that declaration of MOABO was made on November 6, 2005, several years after the event."
If Bob is saying 2 years after the fact that MOABO occured what does he expect us to do? Are we to use a time machine and go back two years and get in the market?
I don't see a problem of Bob telling us to get in the market when he did because as I think about it the only way to know when the bottom was is to watch for a rising market. So missing the bottom by a tiny bit isn't a big problem.
What is a big problem though is being a listener and subscriber and still being left in confusion.
-- posted by mrs1123
» mrs1123 - A question about the declaration of MOABO
"Of course, that declaration of MOABO was made on November 6, 2005, several years after the event."When Bob spoke of MOABO on November 6, 2005 what was the context? Does anybody remember any details? I would love to hear a bit more about it.
-- posted by mrs1123
» pete2214 - Re: Re: MOABO & What Secular Bear Market? To mrs1123
In response to Re: MOABO & What Secular Bear Market? To mrs1123 posted by mrs1123:Well it is obvious that if bob call moabo on march 03 and if falls below that then he can say its not moabo hence 2 years later its a moabo.
-- posted by pete2214
» jamesj24 - MOABO MOSHMABO !
Kirk said it correctly when he opined that MOABO was simply a hook to keep his audience tuned in during the long period before he would give a buy signal. In fact, I did not hear him use the term to actual recommend the buy on 3/11/03. He simply said "You want to buy stocks when the prices are low as they now are." No mention of MOABO.On a related topic, I think the next short term buy level will be 1196-1200, a level to which the S&P 500 no appears to be headed.
-- posted by jamesj24
» jamesj24 - MOABO MOSHMABO ! - correction
Corrected, my last post should read:On a related topic, I think the next short term buy level will be 1196-1200, a level to which the S&P 500 NOW appears to be headed.
Looking 6 months out, the likely range I calculate for the S&P 500 is 1233 to 1333. I use these ranges to buy and short options on the index.
I had to post this correction since the error changed the meaning to the opposite of what I intended to say. I think I might start composing my notes in a Word processor to catch mistakes like this. It's sometimes hard to see the text in this little window.
-- posted by jamesj24
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