Wednesday, June 22, 2011

June 22, 2011, Hulbert Financial Digest and Bob Brinker's Market Timing

[Please bookmark this new Honey's Bob Brinker Beehive Buzz location]

Posted June 22, 2011............................[Post and Read Comments]

Bob Brinker's Marketimer  did not make it on to the  latest Hulbert Financial Digest  "Overall Performance Scoreboard""  for  the 5-year  or 10-year top-7 newsletters.  [These rankings are what Hulbert calls  "The newsletter's total return (annualized) before adjusting for risk."] However, Bob Brinker's Marketimer is number 6  in the 20-year ranking.

In the June 2011 issue of Hulbert Financial Digest, Mark Hulbert writes  about  how well market-timers  weathered "the worst bear market since the Great Depression."  He does not make any excuses for them  or blame  any exogenous events. He deals with hard, cold data.

Hulbert lays it out in plain English:
"There is at least one silver lining to the extraordinary swings in the stock market over the last 3½ years: They create the perfect testing environment for stock market timers. After all, this period encompasses the worst bear market since the Great Depression and one of the most impressive subsequent recoveries. If a market timer wasn’t able to sidestep much of that bear market’s carnage, and then able to participate in much of the bull market’s recovery, then serious questions can be asked about why we should even consider following his advice in the future."
Hulbert continued to write that he had  calculated how many market-timing strategies were able to weather the past 3 1/2  year carnage if he relaxed standards to within one month of the top and bottom, rather than using a more unrealistic true top and bottom. 

Unfortunately,  Hulbert found that only 10 out of  160 newsletters  were able to meet even "very modest expectations" by correctly side-stepping the mega-bear and then benefiting from the recovery. 

Hulbert said when he presents these dismal results to clients, he finds that they often shift focus over  to average exposure levels instead of worrying about who can brag that they called the top and bottom.

Hulbert wrote about his clients:
  ".......they want a market timer whose average equity exposure level throughout the bear market was markedly less than in the recent bull market—and not by just a little bit, either. It’s not clear how to define “markedly less,” but 50 percentage points seems typical of what my subscribers have as their minimum expectation. But only 25 of the 160 strategies tracked by the HFD, or 16%, satisfied this expectation."
Hulbert did not say who this very small group of market-timers were that "sidestepped" the bear and then participated in the recovery, but we know for a fact that Bob Brinker was not one of them. All of  Brinker's  model portfolios  have been  100% invested since March, 2003.  And he has  always advised his subscribers to remain fully invested,  and put all  new equity money into the market by dollar-cost-averaging (and several outright buys).

On Moneytalk, Brinker often ignores this very recent bear market and harkens back to year 2000 which was the last time he raised 65%  cash from his model portfolios. That would have been a very good call if he hadn't called for a short-term counter-trend rally in October 2000 and advised putting a large percentage of those  cash into QQQ. Up to 50% of that money was lost, but never accounted for in his model portfolios.

Throughout this recent  bear market that Hulbert wrote about, Brinker remained bullish and fully invested. And amazingly, he was bashing the "bad news bears"  in May 2008, just before the market got down to the serious business of dropping all the way to S&P 500 Index 677!

Moneytalk May 31, 2008:   Brinker said: “So what we have here basically, is an example of false prophets and it’s sad. And the reason it’s sad is the damage done. Think of the people that are looking today at the market, S&P at 1400 and they’ve been scared out of the market in the first quarter by these bears………It’s just amazing and yet these people are out there, and these people are not happy, I’m sure, to find themselves out of a rising market since March. To find themselves looking for ever lower prices when in fact we’ve had the opposite..

..So it’s fair for you to say to the Cassandras, where is that recession, where are those millions of lost jobs, where are the two quarters of negative real GDP growth? Where’s the bear market? …………The answer is, they blew it! That is the answer, they blew it. They got caught up in their own negativity and they pronounced that it was all over, it was going to spiral downward and there was no end in sight – and they got it completely backwards. Truly amazing to see, and sad to see the people that are harmed by such unjustified negativity.” 

60 comments:

Anonymous said...

On Moneytalk, Brinker often ignores this very recent bear market and harkens back to year 2000 which was the last time he raised 65% cash from his model portfolios. That would have been a very good call

No it would not have been. He claims he can time the market and 65% is a hedge and he hedge it more because his initial call was a 50% shift not 65 - he crept into the 65%.

And if you recall he set the whole thing up as a hedge...the transcripts woudl reveal that. He was nervous and unsure and he couched his recommendation in so many caveats it is obvious he was unsure.

You either can time the market or you cannot. If you think a bear is coming keeping 50-35% in is asinine. It means you don't really think you can time the market. So he should change the name form Market timer to kind of sort of wishy washy market direction adviser.

You really are being to nice here. You don't set an egg timer so can take one or two of the eggs out of the water while the other continue to cook and you don't buy a market timing subscription service so only part of your portfolio goes to hell.

tfb

jeffchristie said...

Bernanke said in his press conference yesterday that the Fed lowered its GDP growth rate. On 1 May 2011 Brinker told a caller that the Fed lowered it from 3.4% - 3.9% to 3.1% - 3.3% . Bernanke's new estimate is 2.7% to 2.9%.

Here is what Bob Brinker said right here on Moneytalk back on 1 May 2011:

" I want you to observe what the Federal Reserve did....They took down their estimate for growth for 2011. Right here, right now, they took it down.....They took it down to a new range which is 3.1 to 3.3%. That is quite a change.'............

Prior to this revision that just came out of the FOMC meeting, these guys were at 3.4 to 3.9%.....And I think the main reason they took it down is they now see that consumers have less discretionary income because they are dumping it at the filling station....(demand destruction) is already happening."

* BRINKER'S GROWTH RATE PROJECTION: Brinker said: "My central tendency has not changed, because I was below the Fed. I never believed the Fed had the right handle on this....I'm not trying to criticize Big Ben. My central tendency is around 3% within a 2 1/2 to 3 1/2 range, as we have discussed....... It was the Federal Reserves forecast that was too high in the first place that has had to come down."


http://honeysbobbrinkerbeehivebuzz2.blogspot.com/2011/05/may-1-2011-bob-brinkers-moneytalk.html

Honeybee said...

Yesterday, the Fed lowered their economic projections by a huge amount. They lowered it from 3.1-to-3.3% (May 1st) down to 2.3-to-2.5%.

"WASHINGTON (AP) -- Federal Reserve officials have become more pessimistic in their economic outlook through next year and have lowered their forecast for growth.

The economy will grow only 2.4 percent to 2.5 percent this year, Fed officials said Tuesday in an updated forecast. That's down sharply from a previous projection of 3 percent to 3.5 percent. Next year, the economy will expand by 3 percent to 3.6 percent, the Fed said, also much lower than its June forecast."



On May 1st, Bob Brinker was blaming the rising oil prices for the Fed's last lowering of projections, when they took it down to 3.1 to 3.3.

This is from my May 1, 2011 Moneytalk Summary:

* OIL PRICES AND THE ECONOMIC TIPPING POINT: Brinker continued: "In terms of US economy..... Why do we value WTI crude oil prices when we talk about the US economy? The answer is that is the crude that we consume in the United States......close to $114 a barrel.....There is a price level at which it would be the tipping point for the economy. I don't think it's $114, but it has to be monitored. Right now, I want you to observe what the Federal Reserve did....They took down their estimate for growth for 2011. Right here, right now, they took it down.....They took it down to a new range which is 3.1 to 3.3%. That is quite a change.

Prior to this revision that just came out of the FOMC meeting, these guys were at 3.4 to 3.9%.....And I think the main reason they took it down is they now see that consumers have less discretionary income because they are dumping it at the filling station....(demand destruction) is already happening. Consumption of gasoline has been really strained by the rise in prices....People come up with alternatives, car pool, whatever......Here's the problem with demand destruction. Demand destruction is fine in the US, we can import less, consume less, send less money overseas to buy oil. But we have so much growth in the rapidly growing companies like India and China....More and more people are having access to vehicles....It will continue to grow....Oil is a global commodity."

Federal Reserve Lowers Economic For the Rest of the Year

Honeybee said...

Sure don't want to be a gloomy-puss this morning, but the Dow is down 200 points, the economy is down, unemployment is up, the National Debt is closing in on 15 TRILLION dollars.

.

Anonymous said...

"Sure don't want to be a gloomy-puss this morning, but the Dow is down 200 points, the economy is down, unemployment is up, the National Debt is closing in on 15 TRILLION dollars."

Yes, but NLY is UP a penny and the bond market is surging.

Bama

Pig said...

but the Dow is down 200 points, the economy is down, unemployment is up, the National Debt is closing in on 15 TRILLION dollars.

It's probably a good time to spend a bunch of taxpayer money on a vacation to Africa right now.

Anonymous said...

Interesting info about Hulbert's analysis of who sidestepped the bear market. I wonder why he wouldn't name the "successful" timers?

Also wonder how many of them were successful earlier at the 2000 point and then getting back in.

Frankj

birdbrain said...

I find CNBC's Jim Cramer entertaining without taking him too seriously, but one thing he said years ago stayed with me, which went something like:

"Any fund manager can look smart during up years. They should be measured by their performance in bear markets. You can slightly underperform your peers during the bulls and come out ahead by avoiding most of the downturns."

Very true, as a 33% loss would need a 50% gain from what is left to get back to even.

Mr B's "nobody saw this coming" excuse is no consolation for those who were hurt from his advice.

Anonymous said...

When does Brinker issue a "all in, gift horse" buy call?

Joey

Anonymous said...
This comment has been removed by a blog administrator.
Anonymous said...

HB has mentioned BulbTimer once recently and I know there may be people who have been wondering just when Frankj, HB, and Birdbrain were going to unleash their venture on the blogosphere.

Well. You may have to wait a bit longer.

HB has been diligently posting the BB summaries. I was busy recently with a short consulting assignment. And Birdbrain, our spokesman and public information officer has been ... We know that Birdbrain is probably now settled in his corner office and has undoubtably tried out his company expense account at Wendy's.

(Birdbrain, do they still do the all you can eat chili deal?)

Here is what I can pass on to you from research I did on the federal legislation dealing with incandescent light bulbs.

First of all, the law deals with more than light bulbs. There are 15 sections to it, covering everything from Corporate Fuel Standards to Green Jobs, to Pool and Spa Safety.

It was voted on in the House on Jan 18, 2007. Passed 228 Dems voted in favor. Zero Dems voted against. 193 Repubs voted against, none in favor.

In all, there were 28 congressional votes on this thing and over 300 amendments proposed.
(Not all having to do with lightbulbs.)

Final House vote: Yes: 219 Dems, 95 Repubs. No: 4 Dems, 96 Repubs.
19 did not vote.

Senate vote, Dec 17, Yes: Dems 45, Repubs 39. Six Senators did not vote on this bill which was entitled The Energy Independence and Security Act of 2007.

Republicans McCain and Hagel (NE). and the Democrats whose names you will probably recogize: Obama, Biden, Dodd, Clinton.

Honeybee said...

Regarding the previous post. I laughed out loud as I read it, and also appreciated the lightbulb voting information. (And some say there is no difference between the Parties.)

I know that FrankJ, Birdbrain and I will find it very useful as we prepare to publish the "Bulb and Bag Timer."

But my face is red! I know that I should know who wrote the post, but I cannot be certain. Please take pity on this blondish head and identify yourself. :)

.

Anonymous said...

sorry, I got carried away with my first BulbTimber-related post, it was Frankj. I realized I forgot the handle as soon as I hit submit.

Honeybee said...

LOL! That is what I thought, but when you mentioned FrankJ in your post, it puzzled me.

.

Anonymous said...

"Unfortunately, Hulbert found that only 10 out of 160 newsletters were able to meet even "very modest expectations" by correctly side-stepping the mega-bear and then benefiting from the recovery."

Were all those 160 newsletters "market timing newsletters"?

I can't believe there are that many newsletters who actually advocate market timing, and if they are NOT market timers, isn't it ridiculous of Hulbert to measure their market timing ability?

Apples and oranges I think.

Many newsletters say market timing is a fool's game so why should they be included in Hulbert's little study? If that is the case.

And why doesn't Hulbert name the "winners" of his little contest?

B. Atene

Pig said...

but the Dow is down 200 points, the economy is down, unemployment is up, the National Debt is closing in on 15 TRILLION dollars.

That makes it a great time to go to Africa on a vacation with the entire family on the taxpayer dime, all expenses paid.

The middle class in this country are NOT hurting at all, are they?

The phony president and his extravagant wife are totally out of touch.

Honeybee said...

Mr Pig said: "The phony president and his extravagant wife are totally out of touch."

So what makes you think they ever were in touch with, or cared about, the American people?

Was it "words, just words"?

.

Anonymous said...

Michelle, Mom, Kids Africa Trip Costing Taxpayers $171,000 At Least for Air Travel Alone
CNSNews ^

Michelle, Mom, Kids Africa Trip Costing Taxpayers $171,000 At Least for Air Travel Alone Tuesday, June 21, 2011 By James Zilenziger

(CNSNews.com) - The White House isn’t saying how much of a tab the taxpayers will need to pick up for the week-long trip that First Lady Michelle Obama, her two children, her mother, a niece and a nephew are taking to South Africa and Botswana.

But according to Congressional Research Service estimates, the flights alone will cost taxpayers more than $171,000--almost as much as the $174,000 annual salaries paid to rank-and-file members of the U.S. House of Representatives.

The first lady--joined by daughters Malia and Sasha, Marian Robinson, and niece and nephew Leslie and Avery Robinson--is going to Africa to “improve relations between the U.S. and Africa and promote youth engagement, education, health and wellness,” according to the White House.

When CNSNews.com asked the first lady’s press office how much, on a daily basis, her trip to Africa will cost U.S. taxpayers her press secretary did not offer a response.

The White House did tell the Associated Press that all costs regarding Mrs. Obama’s family members are to be paid privately. However, because Mrs. Obama's trip will be considered official travel until her family heads off for “private time, including a safari and an overnight stay in the animal park” on Saturday, the taxpayers will be footing the bill for the first lady up to that point.

Anonymous said...

This is a vacation and nothing more. The Administration is tone deaf. She should stick to her nutrition and childhood obesity work. That at least, is worthwhile.

Frankj

Anonymous said...

Today, Mrs. Obama’s famous toned arms were on display when she visited the Cape Town Soccer Stadium. Joining her, Archbishop dropped to the ground to flex their muscles, doing push ups with some of the youth there. The 79-year-old retired cleric came to the event focused on fitness and raising awareness of H.I.V. prevention.

After they finished their set, the two gave each other a congratulatory pound- or as the political bloggers will inevitably refer to it- a first bump.

Honeybee said...

Her constant travel (including family and friends) which is mostly at our expense, while people are losing jobs and homes and are suffering, makes me sick.

And she embarrasses me. She is devoid of class and respect for the United States. A refined first lady does not do this:

Michelle in Africa on floor with tongue hanging out

.

Honeybee said...

Looks like Lakshmann Achuthan from ECRI (Economic Research Institute) is forecasting a sustained economic slowdown for the rest of the year.

Also note that ECRI's projection remains a bit higher than the Fed's was last week.

From Wall Street Journal online:

By Mark Gongloff

Everybody and their grandmother is fully expecting a second-half rebound in the economy. Except the second half is just a week away now, and leading economic indicators keep heading down. Hmm.

The Economic Cycle Research Institute’s weekly leading index came in, you guessed it, lower this week. Its rolling growth rate fell to 2.9%, the lowest level since December.

Not good!

“With WLI growth experiencing a pronounced and pervasive decline for nine straight weeks from its mid-April peak to a 25-week low, the economy is set for a sustained slowdown in growth,” ECRI head honcho Lakshman Achuthan said in a release.

Hold up now, some of you might be saying, didn’t we already have a growth slowdown in the first and second quarters?

We did, but maybe that was only the beginning."

ECRI Leading Index Keeps on Falling

Anonymous said...

Good source HB, thanks.

WEASEL ZIPPERS...SCOURING THE BOWELS OF THE INTERNET

http://weaselzippers.us/2011/06/24/first-lady-doing-push-ups-in-south-africa/

birdbrain said...

Frankj:

Can't vouch for Wendy's chili as I favor Mrs birdbrain's.

Found our first backer for the Bulb and Bag Timer, Ralph the Locksmith in Bisbee AZ. We would need to weave his business in our investment text, something like "We think these Class B bulbs at $2.85 are a lock. Speaking of locks, whenever we're in the great Southwest..."

Great breakdown of the Congressional bulb vote. One more favor. Can you count the number of dim bulbs serving on Capitol Hill?
A huge task, I know.

Anonymous said...

A study in First Ladies: class vs Crass:

http://hillbuzz.org/category/featured-content/class-vs-crass/

My personal favorite is:

Michelle Antoinette Obama, in Indonesia in 2010, kept Jackson’s odder side and weirder antics alive, a year after the singer’s tragic drug overdose, by dressing up like this and then grabbing her crotch in public.

tfb

Honeybee said...
This comment has been removed by the author.
Anonymous said...

Actually this one probably sums it up better:

http://www.marktimemedia.com/wip_sandbox/wp-content/uploads/2011/01/screen-shot-2011-01-28-at-1-05-28-am.png

tfb

Anonymous said...

Birdbrain:

That's easy. 100 Senators, 435 in the House, 2 in the White House when you count Biden.

Good job on Ralph the Locksmith. Maybe we can get him a banner ad across the top of our blog/website when we get it going.

Here's another bulb snippet: We have recessed "cans" in our house and the 65Watt spotlight-type bulbs burn out with annoying frequency. I think the "cans" trap heat and cause early burnout. The track lighting we have uses the same bulbs and they don't seem to burn out as often.

By the way, the website I use to look up this legislative stuff is govtrack.us Now, we can all be policy wonks.

Frankj

Honeybee said...

Here it is Fluffy. I'll delete the other one:

Class Vs Crass

.

Honeybee said...

FrankJ,

Here's your link. It looks like it contains lots of good information about what Congress is doing:

GovTrack.US

.

Honeybee said...

Birdbrain said: "We would need to weave his business in our investment text..."

Well, if Ralph the Locksmith, is willing to come up with enough venture capital for our new start-up newsletter, we could re-name it "The Bulb, Bag and Locks Timer."

What say you, FrankJ?

.

Anonymous said...

Here is another fun site. This one tracks the contributions, to whom and from whom.

When a politician votes for or against an issue it will show you how much money he or she got from organizations that either support of oppose the same issue.

http://maplight.org/

Here's an idea. Whenever a politican appears on TV, there should be a "crawl" across the bottom of the screen showing how much $$ that politician took from donors, by name, ranked by amounts, largest to smallest.

Frankj

Honeybee said...

TFB,

Speaking of Mr T (in that photo with Nancy Reagan), he is one of my favorite people. He is a fine man and great example for young people.

.

Anonymous said...

When Mr. T. first made it, he both a home in a rather exclusive area and then took a chain saw and started cutting down tress becasue he liked the sun. The neighbors called the police, called the city and they tried to block him from doing what he liked with his own property He fought them...I respected that. He understood what property rights are.

tfb

Anonymous said...

Mr. T was born in Chicago, Illinois, the youngest son in a family with twelve children. His father, Nathaniel Tureaud Sr., was a minister.[2] Tureaud, with his four sisters and seven brothers, grew up in a three-room apartment in one of the city's housing projects, the Robert Taylor Homes, in a poorly constructed building, in an area with high levels of environmental pollutants and the largest concentration of poverty in America.[3] His mother received a welfare check of $87/month.[

Honeybee said...

TFB,

Thanks for the first-hand info about Mr T....In spite of his gentle spirit, I suspect one would not want to threaten or cross him unfairly. Kinda like a certain fluffy one we all know and love.... :)

.

Honeybee said...

Anonymous,

You have copied that info about Mr. T from Wikipedia.

Did you notice that he puts his money where his mouth is - so to speak?


"Mr. T is a born-again Christian.

He gave up virtually all his gold, one of his identifying marks, after helping with the cleanup of Hurricane Katrina in 2005. He said, "As a Christian, when I saw other people lose their lives and lose their land and property... I felt that it would be a sin before God for me to continue wearing my gold. I felt it would be insensitive and disrespectful to the people who lost everything, so I stopped wearing my gold.""


Wikipedia/Mr. T

.

Anonymous said...
This comment has been removed by a blog administrator.
Anonymous said...

TFB,

Thanks for the first-hand info about Mr T....In spite of his gentle spirit, I suspect one would not want to threaten or cross him unfairly. Kinda like a certain fluffy one we all know and love.... :)


To be clear, by firsthand Honeybee means I am recounting a series of events I read about in the newspapers, I have never met Mr. T, though I do know several people who have.

My opinion based on their commentary he is one tough man externally but truly a compassionate individual inside.

As I mentioned I respect him a great deal for a litany of reasons. The tree cutting episode was interesting for a host of reasons. Anyone interested can look it up. Frankly, he was a class act, something his neighbors could learn from. If you do look it up it helps to look at the demographics of Lake Forest.

tfb

Pig said...
This comment has been removed by the author.
Pig said...

The Republicans in Congress aren't doing to bad with this vacation stuff either. I wish they would stay there.

Who needs any of these creeps? Dump all 536 of them, and start over. NOONE would notice, either.

Congress takes a recess in Europe

Too Many Vacations

Honeybee said...

TFB,

Thanks for clarifying my statement. I misunderstood and thought that you had met him personally.

I am aware that you have met many famous people, including the president, Clinton and others, so I jumped to the wrong conclusion about Mr T.

I think there is an old saying about "assuming".... :)

Honeybee said...

Mr Pig,

The article that you posted the link to is ASTONISHING!!!

Washington DC is totally out of control! I don't think that most people know that we are paying for these scum and their families to see the world on our hard-earned money.

We knew that Pelosi and her family were flying, eating and drinking like royalty on our dime.

And we know that the Obama's have certainly seen the ritziest parts of the world in 2 1/2 years. How many trips just this year? Several.

Gaggamaggot!

.

Anonymous said...

The Republicans in Congress

In my opinion Joe Walsh has been very impressive.

tfb

Anonymous said...

Thanks for clarifying my statement. I misunderstood and thought that you had met him personally.

No problems I just try and be straight forward. I would like to meet him, and interview him....hmmmm. It would be interesting to learn his political viewpoints.

Here is a cute story. When I was in high school one of the teachers came up with the bright idea that we call up Muhammad Ali's house and see if he would come out to the school and give a speech (this was before his general condition was known). Well I was elected to make the call, so we go down the office to call Muhammad Ali's home. Well I expected a housekeeper to run interference or an office or something, but Ali answers the phone himself. He was so gracious, and nice. He said he could not come on person but spent the better part of an hour chatting with me, the teacher and every student in the class. What a nice man, then he sent follow-up letter expressing his regrets at not making a physical appearance. I guess I learned then that a lot of high up there people are very personable and nice to their fellow men.

tfb

Anonymous said...

Well I met Muhammad Ali when he was still Cassius Clay and he was reading sissy poetry in a smokey bar in New York City.

BTW, did you know that Muhammad is the most common name in the world? Beats John or Bob hands down.

MASF

Pig said...

I met Muhammad Ali at a Harley shop in South Chicago at 92nd St a long time ago.

In person, he was exactly the same nice, smiling person that TFB describes. His guards did not smile too much (((ROAR))), but he was a very pleasant, talkative guy.

Anonymous said...

"In person, he was exactly the same nice, smiling person that TFB describes. His guards did not smile too much (((ROAR))), but he was a very pleasant, talkative guy."

I think Muhammad Ali became a much kinder and gentler person once he converted from Christianity to Islam. Most people do.

Honeybee said...

How interesting that someone who posts anonymously and won't even use a regular alias to identify himself, thinks he has the right to speak for "most people."

Your statement is your opinion -- NOTHING ELSE.

And if the following is true, your opinion is perverted. Mohammad Ali:

"Aligning himself with the Nation of Islam made him a lightning rod for controversy, turning the outspoken but popular champion into one of that era's most recognizable and controversial figures. Appearing at rallies with Nation of Islam leader Elijah Muhammad and declaring his allegiance to him at a time when mainstream America viewed them with suspicion—if not outright hostility—made Ali a target of outrage, as well as suspicion. Ali seemed at times to provoke such reactions, with viewpoints that wavered from support for civil rights to outright support of separatism.

For example, Ali once stated, in relation to integration: "We who follow the teachings of Elijah Muhammad don't want to be forced to integrate. Integration is wrong. We don't want to live with the white man; that's all."[17] And in relation to inter-racial marriage: "No intelligent black man or black woman in his or her right black mind wants white boys and white girls coming to their homes to marry their black sons and daughters."[17] Indeed, Ali's religious beliefs at the time included the notion that the white man was "the devil" and that white people were not "righteous." Ali claimed that white people hated black people.


Wikipedia: Muhammad Ali

.

Anonymous said...

But HB, your statements all pertain to the Nation of Islam SECT, not mainstream Sunni Islam.

According to your Wiki link, Ali converted years ago in 1975.

"Ali converted from the Nation of Islam sect to mainstream Sunni Islam in 1975. In a 2004 autobiography, written with daughter Hana Yasmeen Ali, Muhammad Ali attributes his conversion to the shift toward Sunni Islam made by Warith Deen Muhammad after he gained control of the Nation of Islam upon the death of Elijah Muhammad in 1975. Later in 2005 he embraced spiritual practices of Sufism.[18]"

The Ali that tfb describes couldn't possibly believe"...that the white man was "the devil" and that white people were not "righteous." [and] that white people hated black people."

He spoke with all the little kids in tfb's class and even sent them a nice note too. A white-hating racist bigot would not have done that, would he?

MASF

Honeybee said...

MASF,

I can easily believe that Wikipedia is wrong -- they have been proven unreliable many times.

Someone should edit that out if it's not true. I would hate to think the man is being falsely maligned.

.

Anonymous said...

"I can easily believe that Wikipedia is wrong -- they have been proven unreliable many times.

Someone should edit that out if it's not true. I would hate to think the man is being falsely maligned."

I'm not saying it's not true. Ali did belong to the Nation of Islam which was a white hating sect led by Elijah Muhammad. It was NOT mainstream Islam.

Apparently Ali converted to mainstream Sunni Islam in 1975.

I guess he could be called a Born Again Muslim much like a Born Again Christian right?

MASF

Anonymous said...

FrankJ:

To answer HB about bringing in Ralph the Locksmith. It could be a good thing. We could do some things with the "lock/unlock" theme.

"Unlock the complexities of the new law by subscribing to BulbTimer."

Honeybee said...

MASF,

This is not a blog devoted to discussing religions.

I am not going to defend my Christian faith to you, and I am not going to bash religions of any kind here.

Judaeism (and the Jewish people) is the only "religion" I will defend here.

Your thinly veiled insults to Christianity have been duly noted and is now ended, so don't waste your time doing it anymore.

.

Anonymous said...
This comment has been removed by a blog administrator.
Pig said...

I don't see any purpose in the previous post other than to make fun of a previous position of Kirk, who probably no longer posts here.

maybe the prevert can give us a few of Bob Brinkers previous positions. (ie, bent all the way over)

I suggest deleting the post and the freak again. His jealousy of Kirk and you is qqqquite tiring and BORRRRING already.

Anonymous said...
This comment has been removed by a blog administrator.
Honeybee said...

I agree, Mr. Pig.

This person seems to have a vendetta against Kirk (and me too). I cannot imagine why, but it's been going on for over a decade now.

.

Anonymous said...

you know you saved the link that proved kirk voted for Obama

Anonymous said...

On Ali, people change. Young men often come under the influence of charismatic elders, one of the things that historically signifies manhood is when a male is able to disagree and forge anew path from his mentors.

My opinion is Ali changed dramatically several times over his life. His outreach to Frazier is one very minor though significant example.

tfb