I think Brinker's advice on when to leave the market was sound. He didn't time the market perfectly (he was giving a "sell" recommendation in September of 1999, if I remember correctly -- while the market peaked in March of 2000) -- but anyone who sold on his recommendation in 1999 is far better-off today than someone who didn't.
It would be useless for a computer show to just say 'stop using the computer' if you don't like this or that font. They're supposed to tell you how to
change the font.
From 2000 to 2003 I averaged a 20 percent rate of return because I screened for low-PE 'rocket' stocks. Even while the NASDAQ was loosing 3/4's of it's value, there were other sectors that were bullish-- and Brinker just says "don't invest"?
But hey, the only time I listen to Brinker is when he advertises his website. I confess: my panning Brinker is like Andy Rooney panning 'Passion'. It would help if I actually listened to Brinker's show before I griped.