Today, Bob Brinker's Moneytalk was spliced-together recorded calls from old programs. However, there was never an announcement saying it was pre-recorded. One has to wonder why not? It seems very deceptive....
IN EDIT: Some have questioned what I said above. My answer is this:
The spliced-together calls were from different programs. I was able to identify one that went back to 2009 -- that was the one where Brinker talked about the Pennsylvania Turnpike. Some were even earlier because Bernie Madoff was still one of the main topics for discussion.
Consider this: If it had been only the network involved in choosing what to broadcast as a re-run, they would simply have chosen an old program and run it in total.
All of the calls appeared to be carefully chosen, either by a Brinker or a Brinker-producer, to promote Marketimer.
The calls were obviously carefully selected because many callers said they were Marketimer subscribers, had been following Brinker's advice for many years, were worth $millions, and living in the Land of Critical Mass. LOL! Strangely, these callers needed to ask Brinker about inherited $millions, divorce settlements, inherited condos and other real estate, IRA's, muni bonds, and asset allocation.
The first call went way back to the infamous Bernie Madoff days. One of the calls was from 2009 when Brinker had talked about watching the Pennsylvania Turnpike being built.
Since Brinker chose to include a couple of calls about asset allocation, let's take this opportunity to review the complete record of his stock market-cash asset-allocations back to 1982. This data was compiled and first documented several years ago at the Suite 101 Brinker discussion forums.
Pen-name Math Junkie wrote: “Some have raised questions about the allocation percentage from 1982 to 1987, so I have added a question mark to reflect this. As Steve did, I am retaining information from radio broadcasts, and it is labeled as such.”
Aug 14, 1982….equities @ 100% (?)……....777
Aug 21, 1987…..equities @ 100% ................2710(Announced on local radio in New York he recommended being fully invested. He had been mildly bullish to bullish on NBR the previous April, and is said to have been recommending dollar cost averaging prior to August 14th.)
Oct 19, 1987……equities @ 100%................1841
(Black Monday: Dow Down 695 or 25.6% From Top.)
Jan. 1988…….equities @ Zero.…………...2015
(Went to 100% cash & told listeners he was
bearish after the market was 9.5% above
bottom, taking the brunt of most of the
bear decline.)
Feb. 1989… equities @ 50%........................2342
(Market up 27% from the bottom.)
Nov 1989....equities @ 75%.........................2650
Feb 1990…. equities @ 40%..................2559
Mar.1990…..equities @ 50%..................2635
Apr. 1990….. equities @ 65%.................2687
May 1990…...equities @ 75%.................2656
July..1990…...equities @ 85%.................2840
July 18, 1990: Dow @ 3016....(Bull peak: up 50% since Jan. 1988)
Oct. 12, 1990: Dow @ 2398
(Gulf War bear bottom. Down 20.5% since bull peak.Market is back to where it was in Feb 1989 where Brinker went form 0% to 50%)
Dec. 1990....equities @ 95%......2565
Jan. 1991…. equities @ 100%..................2550
Jan. 1991…. equities @ 100%..................2550
(Finally back to fully invested: Dow up 26.7% since going to 0% equities.For the next nine years (January 1991 to January 2000), Brinker remained fully invested and made himself a legend. (Rode out the 19% selloff in 1998.)
Missed out on a large portion of market gains from when he went to 100% cash at 2015 in January 1988.)
Jan. 2000… equities @ 40% ………Dow: 11, 122
(Lowered equities 60% within 5.1% of S&P top,and recommended putting cash in money market funds .)
Aug. 2000… equities @ 35% ...........Dow: 10,688
Oct. 16, 2000…equities @ 35%......QQQ = $83(65% now in cash reserves)
(Told subscribers to put 20% - 50% of (the 65%) cash reserves into QQQ for counter-trend rally.)
Jan. 8, 2001…equities @35%....QQQ = $62.44
(Again suggested putting 20% to 50% of cash reserves into QQQ.June 8, 2001….QQQ = 47.35 (Placed on hold)
Repeated same recommendation in February through May 2001 issues.)
Sept. 21, 2001…equities @ 35%...(Dow 8236 – hit 7926.93 intraday.)
Oct. 2002…equities @ 35%...21% actually remaining in equities…Dow 8950
(Still recommended 35% equities, but P1 in newsletter is 21% equities (not counting QQQ trades apparently due to lack of rebalancing.)
March 12, 2002…23% actual balance in equities …Dow 10,586
(DJIA +28.5% from 9/23/01 closing.
DJIA same level as August 2000 5% sell.)
Oct 9, 2002…19% balance in equities…Dow 7286
(Cyclical low so far. QQQ = 20.06, down 75.8% from10/16/00 buy at $83.)
March 11, 2003: equities @ 100% …Dow 7568; S&P 807.48.
(Issued bulletin on website before open based on March 10th close. QQQ = 24.01; S&P500 = 807.48; SPY = 81.32. He ended all guidance for existing QQQ positions in March, 2003.)
March 15, 2003….Announced 100% to weekend audience.
March 17, 2003 (Monday)….Dow 8142
(QQQ = 26.60; S&P500 = 862.79; SPY = 86.78
typical buy levels for weekend and snail mail
followers who use mutual funds.)
April 5, 2003….100%...(Recommended new equity purchases below S&P 810,
and dollar cost averaging otherwise. Stopped mentioning existing QQQ
positions in the newsletter text. It was never again accounted for in his
reports of newsletter performance.)
Bob Brinker's Marketimer model portfolio stock allocations have remained 100% invested since March 10, 2003.
[This data was compiled by PETE from STAMFORD, CT, MrGreenJeans, DanG.Kirk Lindstrom and SteveT.
Data between 1982 and 1987 compiled by Math Junkie.Data between 1986 and Dec. 2000 compiled by Dan G.
Data between Dec. 2000 and July 2002 compiled by Kirk Lindstrom
Data between July 2002 and 2003 compiled by Steve T.]
Moneytalk on demand and to go with Bob Brinker, is available for FREE audio/podcasting at KGO810 radio for seven days after broadcast. I download and save all three hours, including the third hour guest-speaker. (The program is archived in the 1-4pm time-slots.) If you don't download it from KGO within seven day, it's available at bobbrinker.com by paid subscription. KGO Radio Sunday Archives
