* Brinker remains bullish and fully invested. He expects great things going forward and has raised his S&P 500 target range twice this year.
* In the January Marketimer, Brinker wrote: "We remain positive on the stock market outlook as we expect the S&P 500 Index to rally into the low-to-mid 1400s range this year."
* In the March Marketimer, Brinker raised that level to "mid-to-upper 1400s" and he extended the time frame out to one year -- which would take it into March 2013.
* In the April Marketimer, Brinker again raised the target range but was a bit vague about the time frame. He wrote: "This P/E ratio range leads to a 2012 Index price target range in the upper 1400s to low-1500s going forward."
* In the May Marketimer, Brinker's target range remained the same, but he extended the time frame on this projection from "going forward" to "within the next 12 months." Which again, extends to May of 2013.
The stock market dropped to a three-month low today and Marketwatch is blaming it on worries about Greece. According to Brinker that shouldn't matter. However yesterday, Brinker may have begun to lay the groundwork for another "exogenous event," which is his fail-safe excuse for when his "timing model©" misses another major correction or bear. (In the Moneytalk summary posted just below, Jeffchristie covered the Jamie Dimon - JP Morgan issue that Brinker talked about extensively yesterday.)