lentinman: Brinker, If you just read his newsletter, you would think that you would have made a fortune following his advice in the past 8 months by buying every dip. But, if you are already fully invested - as he never said not to be, then how exactly did his average reader make a fortune in the past 8 months? They didn't - obviously.
I would suggest that the average reader has a continual trickle of money coming in for investment. Paychecks, social security, fixed income payments, rents etc. He is not about trading the market for short term gains. He is a long term timer, with a great track record. Not perfect, but a great timer for the average investor to follow. He never tells anyone that they will make a "fortune" in the short term. It is the people who have followed him for the long term who have done well.
I for one am very happy with the market beating returns for that portion of my portfolio which needs no research, attention or worry to any great degree. I like being able to buy 1,000 SPY without moving any bid's or offer's and then selling it 5 minutes or 5 months later without more than a 5 second delay.
I agree with your assessment of the markets future, just would rather get out closer to a top using very liquid stocks (etf's).
Signatures are so yesterday!
