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Message Boards | Market Trends and Strategies : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?

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To: Chris J. Horne who wrote (9526)7/15/2000 12:31:37 PM
From: Mr. BSL of 42809
 
Have never been able to find reference to Korn's newsletter.

None of the old links seem to work. I think it was on Kirk’s or Brinker’s site at one time. It’s been a while but I remember being very impressed with what I read. I should have used the term "postings" instead of newsletter.

Bob is running a business, and has to convince everyone his "snake oil" is the best.

Yup. Last week a woman said that she didn’t/couldn’t go 40/60 and wanted to know if she should now. It would seem to me that if your model says that the market is risky and the market is above the point where you could have first acted, this would be a slam dunk - go 40/60 now. (The SP500 closed Friday July 7 at 1479, which is higher than any close during the month of January). Instead, he told her that she missed out because of the 3 percent MM return since January and she would have to multiply the Dec 31,1999 (1469) close by 3 percent and add that to the model sell point of 1469 to get her exit point. She should hold off selling until he gives the QQQ top on the radio. That’s snake oil! He didn’t mention that if you were 40/60, you would only get 3% on your 60%.

I don’t want to nit-pick, and please correct me if I’m wrong, but encouraging someone to stay in a risky market to get another 1.8% above the price they could not have gotten in January when the sell signal went out does not make sense. It does make sense from a promotional point of view I guess - snake oil is a good description.
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