July 20, 2012....Bob Brinker's latest outlook on the stock market is bullish. Last Sunday on Moneytalk, he repeated his recommendation to dollar-cost-average for those putting new money into the stock market.
Brinker has kept his Marketimer model portfolios fully invested since March 2003 -- and there doesn't appear to be any possible change in that stance anywhere on the horizon.
As of the July issue of Marketimer, all of Brinker's timing model indicators are in positive territory -- and he sees more upside in what he believes is an ongoing cyclical bull market.
Brinker's four timing model indicators are: 1. Economic Outlook; 2. Monetary Policy; 3. Investor Sentiment; 4. Equity Valuations.
In April 2012, Brinker first raised his S&P target range to the "upper-1400s to lower 1500s." In May, 2012, he extended the time-frame for the target range projection to "within the next 12 months." The target range remains the same as of July, 2012.
3 comments:
Ha, Bobby the Perma-Bull. (lol, the "bull" never stops.)
Here's an interesting video interview with David Stockman (Reagan's budget director, for you young-uns) who thinks otherwise.
FWIW: http://www.youtube.com/watch?v=jKprapaBXPo
Brinker should change the name of his letter to:
BUY AND HOLD !!
After the election, the uncertainty will be removed, and the market will soar if Romney wins. If Obama wins I think we will continue in the same range we have seen of late, S and P 500 staying between 1300-1425, for a long time.
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