Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

(3/15/03) Breaking: ABC's Bob Brinker is calling last Tuesday the Stock Market bottom!!

Posted on 03/15/2003 1:30:58 PM PST by Partisan Hack

As of yesterday (friday) he is back to being FULLY INVESTED. He went on to say that all of the sellers are out of the market and he sees considerable upside gains from here.


TOPICS: Business/Economy
KEYWORDS: brinker
Navigation: use the links below to view more comments.
first 1-5051-84 next last

1 posted on 03/15/2003 1:30:58 PM PST by Partisan Hack
[ Post Reply | Private Reply | View Replies]

To: Partisan Hack
Well then. I guess that settles it.
2 posted on 03/15/2003 1:31:44 PM PST by SamAdams76 (California wine tastes better - boycott French wine!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Partisan Hack
Hey, you interupted my Scrabble game!
3 posted on 03/15/2003 1:32:59 PM PST by zarf (Republicans for Sharpton 2004)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Partisan Hack
Absolutely. I never heard of this guy, but I certainly trust him, especially since he's apparently affiliated with ABC.
4 posted on 03/15/2003 1:33:25 PM PST by JoeFromCA
[ Post Reply | Private Reply | To 1 | View Replies]

To: Partisan Hack
Well, excellent news. Not because Brinker's a genius, but because enough people think he is that it could move the market.
5 posted on 03/15/2003 1:33:54 PM PST by southernnorthcarolina (optional tag line, printed after my name)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Partisan Hack
Moron alert.
6 posted on 03/15/2003 1:34:49 PM PST by Cicero (Marcus Tullius)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Partisan Hack
MR BRINKER HAS BEEN QUITE ACCURATE FOR YEARS AND THOSE THAT BAILED ON HIS LAST CALL TO DO JUST THAT FAIRED WELL......

LISTEN TO BOB ON PARTICIPATING STATIONS"MONEY TALK"

7 posted on 03/15/2003 1:34:52 PM PST by vavavah
[ Post Reply | Private Reply | To 1 | View Replies]

To: Cicero
Brinker is a moron? Please explain. He saved my bacon in 2000.
8 posted on 03/15/2003 1:36:52 PM PST by Partisan Hack
[ Post Reply | Private Reply | To 6 | View Replies]

To: Partisan Hack
Wouldn't Astrology offer a higher percentage for positive results?
9 posted on 03/15/2003 1:37:43 PM PST by Dalite (... Comment to all)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Partisan Hack
NEVER TRUST ANYONE WITH THE LAST NAME OF BRINKER.
10 posted on 03/15/2003 1:38:36 PM PST by zarf (Republicans for Sharpton 2004)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Partisan Hack
I wish I had listened when he said "Get Out Now" I lost a bundle
11 posted on 03/15/2003 1:38:44 PM PST by moodymare
[ Post Reply | Private Reply | To 8 | View Replies]

To: vavavah
BINGO!
12 posted on 03/15/2003 1:39:59 PM PST by A. Morgan
[ Post Reply | Private Reply | To 7 | View Replies]

To: Partisan Hack
Wake me when Warren Buffett is fully invested.

So9

13 posted on 03/15/2003 1:40:30 PM PST by Servant of the Nine (Republicans for Sharpton)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Servant of the Nine
Wake me when Warren Buffett is fully invested.

I will. You'll be buying my stock as I'm selling.

14 posted on 03/15/2003 1:42:44 PM PST by Partisan Hack
[ Post Reply | Private Reply | To 13 | View Replies]

To: Partisan Hack
Brinker is the best advisor or next to the best in the business. Sure wish I had listened to him more. He is tops tracking gold and other metals.
15 posted on 03/15/2003 1:44:06 PM PST by dwilli
[ Post Reply | Private Reply | To 8 | View Replies]

To: Cicero
Apparently you don't know who he is. While I don't really like Bob or his politics (left-leaning) he has been right on the stock market. Brinker was fully invested (of course assets diversified between stocks / bonds) until about Jan/Feb 2000 (?) when he bailed out just in time. He had been fully invested from late 80's til 2000. His timing on the bailout was near-perfect. If I would have followed him to the letter I would be much, much richer.

Thanks for posting this. I'd been waiting for his signal.
16 posted on 03/15/2003 1:53:40 PM PST by plain talk
[ Post Reply | Private Reply | To 6 | View Replies]

To: plain talk
I left Bobs listening area and miss him.........also thanks for the update.....
17 posted on 03/15/2003 1:56:50 PM PST by CGASMIA68
[ Post Reply | Private Reply | To 16 | View Replies]

To: Partisan Hack
Way too late. NASDAQ already scrambled my nestegg a couple years ago.
18 posted on 03/15/2003 2:02:33 PM PST by TomGuy
[ Post Reply | Private Reply | To 1 | View Replies]

To: vavavah
he probably jumped the gun several days early and, besides, if he thinks the "bottom" was on Tuesday, then he is defacto admitting he's aleady terribly mistaken, because Tuesday's levels were still higher than the real "bottom" last July & October, when he should have started averaging in ROFLMAO
19 posted on 03/15/2003 2:04:09 PM PST by Steven W.
[ Post Reply | Private Reply | To 7 | View Replies]

To: JoeFromCA
Too bad you've never heard of him, because he called the bear market, right at the top of the bubble.
20 posted on 03/15/2003 2:05:34 PM PST by churchillbuff
[ Post Reply | Private Reply | To 4 | View Replies]

To: southernnorthcarolina
Well, excellent news. Not because Brinker's a genius, but because enough people think he is that it could move the market.

The same was said of Joe Granville. Every dog has his day.

21 posted on 03/15/2003 2:08:38 PM PST by mombonn
[ Post Reply | Private Reply | To 5 | View Replies]

To: plain talk
While I don't really like Bob or his politics (left-leaning) he has been right on the stock market

I second you on both counts. He's clueless politically - - doesn't see the value - - necessity in my view -- for tax cuts. Moreover, he's arrogant to callers.

That said, he called the bear market and I wish I had taken his "sell" advice. I too have been waiting for him to say "Buy" -- and if it's true that this is his signal, as of this weekend, I'm gonna pay attention.

He's been so crabby about the "permabulls" who've said BUY all the way down, that I think he'd be very wary of saying BUY himself if he didn't think he had real good reason to do so.

22 posted on 03/15/2003 2:08:53 PM PST by churchillbuff
[ Post Reply | Private Reply | To 16 | View Replies]

To: Servant of the Nine
Wake me when Warren Buffett is fully invested.

That may be too late. A market bottom is more likely when the really famous guys are out of the market, because this is when their zillions of followers are out of the market and therefore cannot exert any more downward pressure on prices.

Another interesting tidbit is that some of the big guys who got really wrecked in the crash of '87 were the ones who, up until that moment, had the most stellar long-term records.

23 posted on 03/15/2003 2:12:15 PM PST by snarkpup
[ Post Reply | Private Reply | To 13 | View Replies]

To: mombonn
Every dog has his day.

I'm still waiting for mine.

24 posted on 03/15/2003 2:15:30 PM PST by southernnorthcarolina (optional tag line, printed after my name)
[ Post Reply | Private Reply | To 21 | View Replies]

To: Partisan Hack
I'm not a regular listener, but I did stumble on his show a few Saturday's ago, and he was ridiculing the peace protests and laying out excellent logic on why we should go to war. FWIW.
25 posted on 03/15/2003 2:15:58 PM PST by Diddle E. Squat
[ Post Reply | Private Reply | To 1 | View Replies]

To: churchillbuff
"Too bad you've never heard of him, because he called the bear market, right at the top of the bubble."

Churchill,

You are so right, I should have listened as well, but that is a long story.

The good news is he has an uncanny feel via his "Model" for predicting the markets direction.

I think his Mutual Fund Picks are kinda dull, I have found better Funds, but that is a story foer another day as well. His Active/Passive Portfolio may be the smartest model bar none.

I do enjoy listening to him.

26 posted on 03/15/2003 2:17:55 PM PST by taildragger
[ Post Reply | Private Reply | To 20 | View Replies]

To: Positive; sourcery; Dec31,1999; ido_now; AntiGuv; Stay the course; arete; rohry; ...
I tend to agree about the market bottom with Brinker, but I don't know if we are coming from the same angle at this. I hear him on the radio when I am driving on the weekends and he seems like a reasonable guy.

He has, however, had recent favorable opinions about Fannie and Ginnie Maes, and I have always felt they were subject to financial pressure and were abusing their government privileges and likely to be reined in by Congress.

For a completely different perspective, with bold colors and all, read S&P 500 Waterfall Imminent

Soon, time will tell as to the wisdom of each's forecast. Places your bets here!

Free Republic Stock Market/Economy Discussion List. Freep Mail me if you want on or off this list.

27 posted on 03/15/2003 2:18:22 PM PST by Fractal Trader (Put that MOAB where the sun doesn't shine, Saddam!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: plain talk
While I don't really like Bob or his politics (left-leaning) ...

I recall once when he was commenting on tax policy, he was using what is sometimes referred to as "static analysis". This is the notion that if you raise taxes, then tax revenues must go up accordingly. This omits the fact that a tax on success is effectively a "sin tax" on success and will tend to reward (and therefore bring about) unproductive behavior.

28 posted on 03/15/2003 2:20:58 PM PST by snarkpup
[ Post Reply | Private Reply | To 16 | View Replies]

To: Partisan Hack
I would hope that anybody who had even given any thought to travelling to France would cancel that trip. --Bob Brinker two minutes ago.
29 posted on 03/15/2003 2:22:41 PM PST by PhilDragoo (Hitlery: das Butch von Buchenvald)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Partisan Hack
I will buy nothing from France until this insanity stops.--Bob Brinker one minute ago
30 posted on 03/15/2003 2:27:40 PM PST by PhilDragoo (Hitlery: das Butch von Buchenvald)
[ Post Reply | Private Reply | To 1 | View Replies]

To: snarkpup
Another interesting tidbit is that some of the big guys who got really wrecked in the crash of '87 were the ones who, up until that moment, had the most stellar long-term records.

Since Buffett is still #2 on the Forbes 400 I doubt he got hurt at all. He started investing with $50,000 fifty years ago and has had the most spectacular run in investing history.

SO9

31 posted on 03/15/2003 2:28:55 PM PST by Servant of the Nine (We are the Hegemon. We can do anything we damned well please.)
[ Post Reply | Private Reply | To 23 | View Replies]

To: mombonn
"The same was said of Joe Granville. Every dog has his day"

Thanks for the flashback LOL. Brokers in at 6:00 a.m. without a tie. That never happened in the early 80's. Sell tickets piled up over two feet high. I think that sell signal took about three weeks to clean up afterwards.

32 posted on 03/15/2003 2:29:31 PM PST by terilyn
[ Post Reply | Private Reply | To 21 | View Replies]

To: Fractal Trader
It probably is the latter, as the GOP seems to have terrible luck. But, perhaps the former will be the case this time.
33 posted on 03/15/2003 2:35:38 PM PST by rwfromkansas (Soli Deo Gloria)
[ Post Reply | Private Reply | To 27 | View Replies]

To: terilyn
I had a client who subscribed to Joe's phone service. He called me at home about 11 p.m. Gave me a whole list of calls to sell, and puts to buy - on the open.

He sold low, bought high. What a bloodbath! To this day, I advise clients to avoid market orders at the opening of the market.

34 posted on 03/15/2003 2:37:30 PM PST by mombonn
[ Post Reply | Private Reply | To 32 | View Replies]

To: SamAdams76; bvw; Tauzero; Matchett-PI; Ken H; rohry; headsonpikes; RCW2001; blam; ...
Well then. I guess that settles it.

Well he sure put himself out on a limb. He made his "call" on Tuesday and the S&P 500 closed at 800 that day. So far, he looks like a genius.

I'm listening to his broadcast now. The reason he gave for calling a bottom is all the negative news plus fundamental and technical analysis in his models.

Brinker is very right wing BTW, and is going off on an anti France rant. Silly.

I'm skeptical or maybe just cautious about his prediction of a 1 to 3 year stock market rally. Not unless the fix is in and he knows it which could very well be.

Richard W.

35 posted on 03/15/2003 2:42:40 PM PST by arete (Greenspan is a ruling class elitist and closet socialist who is destroying the economy)
[ Post Reply | Private Reply | To 2 | View Replies]

To: Fractal Trader
bump
36 posted on 03/15/2003 2:44:07 PM PST by Centurion2000 (Take charge of your destiny, or someone else will)
[ Post Reply | Private Reply | To 27 | View Replies]

To: Partisan Hack
Not to get off track here but has any one dealt with AIER in Great Barington Mass?(amer inst for economic research)
I have been reading their news letter for years and was considering using them for asset mgmnt..
37 posted on 03/15/2003 2:45:53 PM PST by CGASMIA68
[ Post Reply | Private Reply | To 1 | View Replies]

To: arete
Well he sure put himself out on a limb. He made his "call" on Tuesday and the S&P 500 closed at 800 that day. So far, he looks like a genius.

Well, his subscribers received his call when the S & P was at 844. But he did call us out of the market near the top of the bubble. He saved my families retirement and my son's college education. The people I know who did not leave the market realize now that a long term bear market is the price for those years of 20 %+ growth.

Bob believes the current bull will be short lived (1-3 years) and will have to call the top as well to "beat the street". Bob has been more successful at calling bottoms than tops IMO. I am following him somewhat guardedly because he also made a QQQ call that was all wrong. (Although to his credit he advised people to hold after the call and maybe they will get their money back over the next two years.

38 posted on 03/15/2003 2:50:36 PM PST by KC_for_Freedom
[ Post Reply | Private Reply | To 35 | View Replies]

To: Partisan Hack
Bob Brinker did not call the bottom of the secular (long-term bear market.

He said that last Tuesday his market model went positive for the beginning
of a cyclical (short-term) bull market, which could last anywhere from 6
months to a couple of years.

He still believes that the long-term trend remains down, and will be down
for several more years.

39 posted on 03/15/2003 2:53:11 PM PST by MrNatural (..truckin' on down the line...)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Partisan Hack
Bob is brillianat on Money Talk. I listen to him every Sunday on AM.
40 posted on 03/15/2003 2:53:35 PM PST by MonroeDNA (Leave the monkeys alone.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: arete
Look at the charts. Calling for a major rally right now makes just as much sense as having done so before the market opened on February 18, right afer a similar two and a half day rally. Note that Friday's close is still below the close on 18 Feb.

Of course, anything could happen. But the probabilities are that any rally from this point will not exceed 892 on the S&P 500, and even that much of a rally is very unlikely. The most likely continuation on Monday is at least a partial retracement of the recent rally, regardless of what may happen after that. Trees do not grow to the sky, and the market always takes an up-then-down (or down-then-up) path to wherever it's going. So far, the pattern of the last three years is one of lower lows and lower highs. Until that pattern is reversed, it's a bear market.
41 posted on 03/15/2003 2:59:12 PM PST by sourcery (The Oracle on Mount Doom)
[ Post Reply | Private Reply | To 35 | View Replies]

To: churchillbuff
I hear Brinker infrequently but have not heard much to suggest he is left leaning at all.

His analysis of Bush's call to eliminate tax on dividends...that it will have little effect economically for some time but is rather a step in a major overhaul in the approach to taxation made a lot of sense to me.
42 posted on 03/15/2003 3:13:09 PM PST by RJCogburn (Yes, it is bold talk.....)
[ Post Reply | Private Reply | To 22 | View Replies]

To: mombonn
"I advise clients to avoid market orders at the opening of the market."

Not always a good move and you know it babe. I'm suprised at this advise.

Let me explain, I always anticipate reports or news coming out from the stock. Bad or good. Has worked for me.

43 posted on 03/15/2003 3:27:05 PM PST by AGreatPer (Support Our Troops)
[ Post Reply | Private Reply | To 34 | View Replies]

To: mombonn
BTW, I think Brinker is all wet on this one. We are going to start a war next week or abouts and prices will rumble and tumble. DOWN.

Wait for some good news once the rumble starts. One week, one month, heck I don't know. But when the up-turn starts, jump in the water. It is a pattern that has been repeated hundreds of times after a war.

I converted to cash months ago and am waiting and anticipating.

Except Lucent, still licking my wounds over that one.

For what its worth, my picks are Wal-Mart (god, I love a cash transaction) and of all things AT&T (gees, they could sell everything and still be valued triple what they are now).

44 posted on 03/15/2003 3:41:14 PM PST by AGreatPer (Support Our Troops)
[ Post Reply | Private Reply | To 34 | View Replies]

To: arete
"Brinker is very right wing BTW, and is going off on an anti France rant. Silly."

He was going to vote for Bill Bradley in 2000. Doesn't seem very conservative to me...

F*** the French...
45 posted on 03/15/2003 3:43:32 PM PST by rohry
[ Post Reply | Private Reply | To 35 | View Replies]

To: mombonn
We had our entire office waiting every week for his market letter to show up. One of our brokers was on the call list. He set up a plan for the office so every broker was notified within about 10 minutes. It was the single craziest day I've seen and that includes October of 87.

Our poor wire operator! That was still in the days of the old clunky big metal keys and ticker tape that had to be wound every night. What a mess.
46 posted on 03/15/2003 3:47:32 PM PST by terilyn
[ Post Reply | Private Reply | To 34 | View Replies]

To: Cicero
I thought he was a moron too in January 2000 but he was right on the money in his call to GET OUT! I never got in so don't really care...but I've been dollar cost averaging all the way down. You should at least pay a little attention if to see the results of his prediction if nothing else.
47 posted on 03/15/2003 3:51:02 PM PST by TatieBug
[ Post Reply | Private Reply | To 6 | View Replies]

To: Partisan Hack
He went on to say that all of the sellers are out of the market and he sees considerable upside gains from here.

HAHAHAHAHAHAHAHAHA!!!!!!

I have been shorting S&P futures for 18 months. During that time there have been Dow gains of 450, 375, 410, 297 pts and many others. All have been followed by day after day, month after month of steep declines. Wed-Thursday's decline was a simple oversold squeeze and high-VIX reversal. The October lows will be tested and exceeded. Markets which have been hit as hard as this one has historically bottom only after absolute capitulation followed by disinterest as the market bases over the course of months or even years before starting up again.

Brinker is an idiot. I stopped listening to him when he started bashing Republicans 2 years ago. Now he does it nearly every week. If you are satisfied with 5-8% growth per year, enjoy Brinker. If you want your account to look like a Brinks Truck, then trade futures and forget the crowd.

48 posted on 03/15/2003 4:01:26 PM PST by montag813
[ Post Reply | Private Reply | To 1 | View Replies]

To: rohry
He was going to vote for Bill Bradley in 2000. Doesn't seem very conservative to me...

Running against whom? I've listened to Brinker and he sure doesn't sound like any liberal I know.

Yes indeed, Forget the French.

Richard W.

49 posted on 03/15/2003 4:26:09 PM PST by arete (Greenspan is a ruling class elitist and closet socialist who is destroying the economy)
[ Post Reply | Private Reply | To 45 | View Replies]

To: southernnorthcarolina
You mean ... he's the Metamucil of Wall Street?
50 posted on 03/15/2003 4:27:15 PM PST by DeaconBenjamin
[ Post Reply | Private Reply | To 5 | View Replies]


Navigation: use the links below to view more comments.
first 1-5051-84 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson