Strategies & Market Trends : Honey's Bob Brinker Beehive Buzz: Moneytalk and Marketimer


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From: sea_biscuit2/26/2009 6:04:43 PM
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OK, when Brinker said he failed to predict the bear, it was October 11 and the S&P closed the previous day at 899.22 That means we've had a 17+ percent decline since then and as of today, we are still about 16.3% below that level.

The magic number is just under 720. At that point we will be a full 20% below the Oct 10, 2008 level. If we get there, that would mean Brinker missed a bear market AFTER he acknowledged that he had missed a bear market!

That would be very impressive and would make me send $1850 to Brinker so I could get TEN COPIES of his newsletter. That is about the only way for me to ensure that my birdcage does not run out of liners anytime during the month! ;-)
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