Moneytalk Bob Brinker Summaries - Information ONLY: Re: Brinker's 11/28/02 CNBC appearance

» Kirk - Re: Brinker's 11/28/02 CNBC appearance

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In response to message posted by JackSwanson:

So in Jan, Feb and March of 2000 he talked of the great Business to Business Internet sector as "the Tip of the Iceberg" on the radio and had lists of B2B stocks to watch on his website along with a discussion forum to exchange ideas about B2B stocks.... and if you subscribed you were told to put up to 5% into TEFQX near its peak before it dropped off a cliff. His portfolio was 40% equities and 60% cash.

Now it is nearly 3 years into a bear market, he hides the fact he advised putting up to half his cash reserves into QQQ in the $80's (now in the $20's) and he talks about Bonds and GNMA's while his P1 and P2 are about 80% cash and 20% equities.

http://home.ix.netcom.com/~mlee1984/Brin...

If you go on asset allocation and what he talks about, you would have to conclude that he is now twice as bearish TODAY as he was at the top... Maybe more so... Otherwise, why have half the portfolio allocation in stocks as he did at the top? At the top he was talking about internet stocks as a good investment. Today he has half the allocation in the market and talks about bond and GNMA funds...

There is an old addage... when the barbers and taxi drivers tell you what securities to buy, you should sell and do the opposite. The barbers and taxi drivers listen to talk radio quite a bit.

-- posted by Kirk