I don't have time to argue with you about this guy Bob Brinker (and I really don't know or care who he is) but I am just going to say this.
The Top of the Market is in for the year.
Let's look at Bob Brinker's calls:
1.) But Brinker trails the Wilshire over the full 16½ years Hulbert has tracked him because of a money-losing sell signal after the 1987 crash. Hulbert’s most recent results are through the end of January of this year.”
2.) When I was 100% out of the market in early 2008: Brinker wrote: “…the risk of a cyclical bear market decline in excess of 20% is not likely to materialize any time soon… We expect the S&P 500 index to achieve new record highs this year and to reach the 1600′s range…” Brinker’s model portfolios are fully invested.
3.) March of 2008 Branker says, "“The process of establishing a stock market correction bottom has unfolded in text-book fashion over the past two months.”
4.) June 2008 Branker says, "…his market timing model “remains in favorable territory as we approach the start of the summer season. We continue to expect stock prices to work higher and to achieve new historic highs in the market indexes.” Brinker’s model portfolios are fully invested"
This guy is as clueless as you are. No wonder he is your idol.
He's going to end up being right for this meeting. The argument that Ben is retiring soon so why would he risk a collapse is a strong one to me. That and the fact that we have pulled back a bit just at the right time (what a surprise). All the numbers and data are right where they should be for QE to continue plugging along.
I do wonder how much of the decision is actually his though.