Three years ago, Bob Brinker added Suncor (SU) to his list of recommended individual issues. May 1, 2009 Marketimer, Bob Brinker wrote: "We rate Suncor attractive for purchase in the mid-$20s price range. We view Suncor as an excellent way to protect portfolios against rising oil prices in the future." SU opened that day at $26 and closed at $27.30.
Over the past three years, Brinker has repeated said the stock is "attractive for purchase" below $33.00. Suncor did well in 2011. It rose into the $40 range and topped on April 8, 2011 at $46.65. At no time did Brinker issue any kind of "take profits" signal. In the most recent issue of Marketimer, Brinker is still rating it a buy "under $33.00.
Obviously, this stock is not off-setting the enormous rises in the price of gasoline over the past few months. I paid well over $4.00 a gallon in San Jose last week.
But how has it done compared to the energy exchanged-traded-fund, XLE?
Like all of Brinker's "picks" (stocks and ETFs) they are never tracked or rated for performance. Occasionally, Brinker will mention something he recommended if it is doing well, but never the ones that don't. One of his worst picks ever was DVY. It got crushed in the 2008-2009 bear market. When it was doing well, he recommended it to callers, but has not mentioned it for over four years now.
21 comments:
I wish all of us could keep all of our bad picks "off record" and still hock a newsletter.
Kind of reminds me of Japan. Don't see the guys in all black that move the puppets around.
Joey
Oh don't worry about it Joey. Brinker's picks stay on his list for so long that they are bound to be good or bad picks over the long run.
You can tell when they are good picks because he will mention them.
Al
I just wanted to say that I was confused about the "other" Bob Brinker. (Bob's son) I wasn't sure he actually was Bob's son until I read one of your comments. I thought it might have been someone else who just happened to have the same name, but I would imagine the Sr. Bob would have tried to stop the Jr. Bob from using his name if there were no relation (even if the Jr. Bob were a non-relative with the same REAL name). Now I see Bob Jr. is advertising on Bob's show and on Bob's site. I don't understand why the younger Bob doesn't just use Bob Brinker Jr. to avoid confusion. Anyway, hopefully Bob Jr. is a better fixed income advisor than Bob Sr. is at timing the market. ;-)
Hi JReality,
I'm so glad that you were able to find the truth here. It is not easy to find anywhere else. Certainly not on Brinker's (Jr) website for his newsletter.
He posts as Bob Brinker there and on Twitter.
His newsletter uses the name Brinker which his daddy never did. So you might ask why he didn't just name the newsletter The Fixed Income Advisor?
Jr often advertises on Moneytalk and the ads are almost always placed to run immediately after Brinker's voice leaves the air. The next words you hear is "The Brinker Fixed Income Advisor" etc....
Here is a link to Jr's website. It's an interesting exercise to go there and see how long it takes you to find out this is not the famous radio talk show host. It's there, but it's buried so deep, most will not think to keep looking, they will just make the natural assumption.
BTW: You can download the November 2011 sample issue now. But I strongly suggest you also get a sample issue of Kirk Lindstrom and David Korn Retirement Advisor and compare.
I don't understand why the younger Bob doesn't just use Bob Brinker Jr. to avoid confusion
I would assume it is because his knowledge of economics and judgement was so bad he invested in an IT education that apparently he has not been able to use and has no academic background or formal training in investing nor securities.
People might think twice before forking over (whatever the price of his newsletter is) to a kid who was apparently never held a real job, exercised poor judgement in regard to his own investment in a profession and now has joined daddy's scheme of catering to the senile, stupid and ignorant.
Could it be, naw....
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Ms Honey FACTUALLY remarked:
He posts as Bob Brinker there and on Twitter.
What name does he post under over here and at Yahoo?
<<>>
I betcha he checks in over here to read at least 25 times/day.
Not really sure, Pig, but I do know that he doesn't like me.
I think Bob Brinker Sr probably would like me if we ever met in person. I'm really rather nice most of the time. But he might not like what I would say to him. :)
But the Jr-Brinker despises me and makes that very clear every opportunity he gets (and I'm sure he creates a few, but I can't prove that. He's very computer savvy.)
Two examples:
First: On his Twitter feed, he has over 5300 followers, so he's not real choosy about turning them away. Well, he singled me out right from the beginning to "Block."
Now he's gone a step further, not only am I blocked, but I can't read his Twitter feed.
Second: I decided I wanted to subscribe to his newsletter, so I entered all of my information, address, phone, etc. that he requires, then paid by credit card.
Without so much as a word or a kiss my foot, my subscription request was not accepted.
At least he didn't charge my credit card, but I'm not happy about him having all my personal information.
I think Bob Brinker Sr probably would like me if we ever met in person.
His pants would tent, he would drool all over himself and he would become tongue tied when faced with the raw unbridled radiance of the ever sensual hottie-bee.
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but I can't read his Twitter feed.
Dearest Hottie-Bee I believe you made a mistake. Clearly you meant to type:
"...but I can't read this twit's feed"
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TFB.... LOL!!!!
Seems like Robert M Brinker Jr is using the "we reserve the right to refuse service to anyone" position.
Honey, please don't tell me that after consuming adult beverages in the Starship Lounge you were asked to leave by Bartender Bob. That would break my heart.
I would also be upset being declined after giving up personal info.
Well don't expect any talk about the stock market this week. LOL.
Wonder if Brinker has figured out when oil goes down the stock market goes down? And when oil goes up the stock market goes up?
He blamed the 2008 crash because oil was too high. Oil crashed and then the stock market crashed.
2012: Oil crashed and now the stock market is crashing.
No, he does not understand inflation enough to figure it out. LOL.
Joey
Well the month of May is finally over, thank goodness. And what a horrible month it was. I've read it was the worst month in 2 years for the stock market.
I guess many of us should have expected this however, after Brinker proclaimed a month ago that there is no seasonality to the stock market. I guess Brinker won't discuss that topic anytime soon.I don't expect him to discuss ANYTHING about the stock market anytime soon. So get ready for his alternate topics: tax policy, the national debt, and the problems in Euroland.
Joey,
You are correct about what Bob Brinker said about how the price of oil relates to the stock market.
He made a big deal out of trying to blame the market declining in early 2008 by claiming oil was the "wild card" and that there was an inverse relationship.
Actually, what followed was that oil went down and the market went down in tandem. It's all documented on my archived blog.
Brinker then dropped the whole subject, never admitted he was mistaken, and never wrote about it again in Marketimer.
Jim,
Like you, I don't expect to hear Bob Brinker discuss what happened in the stock market in the month of May.
You are correct that he reassured a caller that the stock market was not affected by what's going on in Europe -- that it was solely based on earnings.
That was on the May 6th program. That was the program where he didn't show up in person until the second hour.
Brinker hasn't mentioned the stock market since then, but Lynn Jimenez was on last week.
Before that, here are his last comments from April 29th Summary:
SHOULD YOU BAIL OUT OF THE STOCK MARKET IF OBAMA GET RE-ELECTED asked Andy from Texas. Brinker replied: "I have not at this time, in April of 2012, I have not predicted a crash in the market."
get ready for the baseball show! this guy has f__d up on so many things soon it'll be cooking with bob .. I'm just wondering who's gonna buy the MARKET HOLDER NOW . LIFE must be shaking on Brinker mt. yours truly the market wiper.
OH I forgot it will be the all gnnma show he never gets tired of bringing that call up . maybe he can give us tips on getting canned goods thanx the market wiper
I hope you all sold in May and went away.
And also in June to avoid the swoon.
Stay out in July or you will fry.
Watch out in August for a big bust.
September and October will be horrible months to remember.
November 1 is All Saints Day. Buy 'em back, then hope and pray!
Birdbrain said: "Honey, please don't tell me that after consuming adult beverages in the Starship Lounge you were asked to leave by Bartender Bob. That would break my heart."
Birdbrain,
Yes, I'm afraid that is very close to what happened. I made the mistake of pointing out that Bartender Bob and his Jr bartender-in-training were watering down the drinks and mixing in some arsenic.
They tried muzzling me first and when that didn't work, Jr showed me the door.
Just as I was leaving, I heard Bartender Bob tell Jr what a fine boy he was and that he doesn't need no stinkin' loud mouth customers telling others about their water and arsenic laden drinks.
Obviously, that is a fairy tale, but this is not: Bob Brinker (Jr) has known my real name since I first used it to post on the Brinker message boards in late 1999 or early 2000 (where he was webmaster), and again on Suite 101 for several years.
He will not sell me a subscription to his newsletter. Draw your own conclusions as to what he is afraid of.
Ms Honey quips:
He will not sell me a subscription to his newsletter. Draw your own conclusions as to what he is afraid of
What is his newsletter about? Is it about high tech stocks, or maybe, retirement safe fixed income investments?
Fixed income could be a BIG WINNER this year, unless he dumped GNMA's and TIPS for high risk stocks to pad his already phony results. He wasn't dumb enough to dump those, was he?
PLEASE tell me that could not be true! He's not trying to outdo a very successful Fixed Income Retirement Advisor newsletter while he gets creamed AGAIN is he?
Obviously, that is a fairy tale
Well duh, after all you are talking about Brinker Jr...of course it is tale about a fairy.
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