Moneytalk Bob Brinker Summaries - Information ONLY
- KirkL
- Gene
- BillR_5
- RandeS
- TONYBRIG
- matttheduck
- RandeS
- KirkL
- BillR_5
- KirkL
This archived discussion is "read only".
For the corresponding "live" discussions, post in the active topic forum here.
« Previous 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 Next »
» KirkL - Stamps cost money
He did say (paraphrasing)"He expects that market to go higher, possibly 5% so don't go to Africa for 4 weeks and go to cash."
"We are still in a DCA mode, but carefully watching the model."
I have noticed no real new data has come out last week so if he has changed from bull to bear, he probably already knows. If so, would he keep this secret for the millions that listen to him inorder to profit from a few that subscribe "only because they will hear about a change first?" Bob does not sound like a person that would do this to his millions of listeners.
In the past, he has said the radio schedule where he might miss a weekend for a vacation is how a listener might miss his changing from Bull to Bear.... Has he changed this to "he will keep it a secret and tell his subscibers first then tell the people on the radio?" It sounds this way from what I read, but I think this might be more "hopeful wishes" from greedy subscribers rather than a reflection of the truth. Maybe Don Lane will comment on this?
-- posted by KirkL
» Gene - Kudos to Steve T!
Steve - Thanks very much for the terrific summary. I was driving home from a nephew's graduation at West Point during the time Bob is normally on and was not able to find any station carrying the program! I had resigned myself to thae fact I would have to wait until the archives were posted and would be hoping they didn't have that "unavailable due technical difficulties or special programming" note attached.And there was your summary, already posted with all key calls and observations in that terrific time oriented format.
Again, many, many thanks.......Gene
-- posted by Gene
» BillR_5 - Saturday
Gene, you're lucky. I was in Home Depot for 2.5 hours, the last hour of which was spent standing at check out waiting for them to correct my order which they screwed up. So thank you, Steve!It seems to me that there is a divergence between Bob's timing model and Bob's own thoughts. Model still says stay 100% invested, Bob says "watch out". I don't think even he can believe his own model.
Hope everyone is having a great Memorial Day weekend, while remembering the reason for this holiday.
-- posted by BillR_5
» RandeS - Bill,
Bill,Very insightful. As I posted to the BB site, "thank goodness for discipline." Bob hates this market. I don't blame him. Day-trader mentality and middle-class dreams of early retirement are ill founded. My hope is for a slowing economy and single-digit returns that last long enough to bring everyone back to reality. The alternative, a painful bear market, would be painful.
-- posted by RandeS
» matttheduck - telling the listeners
kirk, i think bb has made it pretty clear that there are some steps to his bear call. #1 will be the model going bearish. #2 will be bb getting out of the market. #3 will be the mailing to subscribers telling them he's bearish. #4 will be a general discussion of his bearishness, including on the radio program. i've had the impression there could be a significant time lapse between #1 and #3 and probably even more until #4. i sure wouldn't count on him selling out his $185/year subscribers so all the radio freebies can get the bear call first.-- posted by matttheduck
» RandeS - Tony,
Tony,You missed the point. Of course there is nothing wrong with the concept of early retirement, if that's what you want. The problem is one of thirty and forty-somethings extrapolating the last four years into the future ad infinitum as if the market were some double-digit magic money engine driving them to the land of critical mass by the age of 50 or sooner. Add a pervasive lack of real, learned patience on the part of many who were raised on t.v., and you might have a few unhappy campers should the market turn sour or even return to some reasonable annual rate of return in the single digits for an extended period of time. Expectations just aren't reasonable, in light of a seeming lack of investor education and lack of patience, that's all.
-- posted by RandeS
» KirkL - Only what I have in print
Mr Duck.I have never heard Bob say on the air the procedure you listed nor have I read it in Marketimer. In fact, the May edition says (free MT add for Bob here!)
"In the event the MT Stock market timing model turns bearish, subscribers will be notified either in the newsletter or in a special advisory in the event a bear market sell signal occurs in between monthly editions."
There is no promise that subscribers will hear it before the radio audience. I distinctly remember Bob saying that regularly scheduled vacations MIGHT mean radio show listeners might have to wait an extra week until he is on the air again thus delaying learning of the bear call and his explaination. We Will hear about it on the internet, that is a given as everyone will discuss whether they believe it or not......and what to do.
Also, if past history is any indication, Bob came on KGO radio in the last correction for a special interview and told the audience he remained fully bullish. This is something he didn't do for me as a subscriber as it was between newsletters. My father heard it and sent me email. Bob has NEVER gone online and issued any advisories either and I think BB Jr has said they worry about it being an imposter and to only trust the newsletter alerts. In my case, I trust KGO radio too.
Lastly, I think Bob wants to be famous for calling the bear and wealth is secondary so the sooner he gets the message out, the greater his chance of being "the first" or "voice in the wilderness".
-- posted by KirkL
» KirkL - Funny Bill!
Bob certainly was not the only voice in the wilderness either. He was correct to stay fully invested after lump summing in at 8650, but he was not a lone bull at 7450 and using this to say "trust him" if he goes to a bear is faulty on a logical sense.I am on record here for being over invested, for not thinking 8650 was a bottom as his TA was suggesting when he said to lump in there, and for my thinking that foreign action was predicting the bottom was in at 7450 on the Thursday before his famous words....
Luis Rukeyser was on Wall$Street Week the Friday before saying he was still bullish. I think he is a 25 yr bull, sort of like Rande.... the market goes up, why fight it or try to time it?
And Jim Jorgensen was on the same Sunday in the AM saying to stay in the market as it was just another summer correction.
All Before his Sunday "you can not afford to be out of the market even one day".
The "lone voice" is at a minum a "Quartet" even if I am a long way from the others in reach and fame. I think Abby was bullish but Ralph was still waiting....
-- posted by KirkL
« Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 Next »
Please follow the guidelines set forth in the Suite101 Posting Etiquette when adding to the discussion.