Moneytalk Bob Brinker Summaries - Information ONLY

Top 367. Oct 17, 1999 6:45 AM

» BillR_5 - Show Summary

Here is my summary of Saturday's show:

Alan Greenspan is a jerk because he talks down the market while refusing to lower margin rates.

You need a crystal ball to know what the market is going to do.

That's all she wrote.

EC: If you have some fall gardening or perhaps a movie you've been thinking about renting, today at 4:00 might be a good time to do it.

-- posted by BillR_5

Top 368. Oct 17, 1999 7:54 AM

» vh1 - summary

must not have been very fulfilling , i do appreciate the comments and the succinct commentary

but i will listen today unless preempted by b-a-s-e-b-a-l-l again while doing outside work

all my best thanks!!!

-- posted by vh1

Top 369. Oct 17, 1999 8:05 AM

» Kirk - Buy Levels

A caller asked about Bob's buy levels in the newsletter. The caller said 1210 on the S&P500 and I think he said the DOW and QQQ levels, but I was on my bike and didn't get the exact numbers that were said. Perhaps someone else did?

I didn't hear Bob confirm but he did discuss that the SPY buy level was midway between a regular and intermediate term correction (15% off the peak by my calculation) and the others were between 10 and 15% off the peaks. He also coined a new term "Hybrid Correction" where not all three indexes measured reach intermediate term correction levels such as now where the DOW and S&P are over 10% buy QQQ is under 10%.

The terms "gift horse" or "gift pony" were not used! 8)

-- posted by Kirk

Top 370. Oct 17, 1999 9:14 AM

» ourisman - one horse, two saddles

I get the impression that BB sometimes (often?) phrases his commentary in such a way that he will look good no matter what way things go. If we never get more than a correction (or a hybrid correction), he will remind listeners that his model kept us fully invested in the greatest bull market of all time. If the market tanks in the absence of a clear sell signal, he will remind listeners that the model has been warning us about irrational valuation levels and the resurgence of inflation, and has recommended DCA'ing with new money, no margin buying, no internet stocks, and staying out of junk bonds.

-- posted by ourisman

Top 371. Oct 17, 1999 3:34 PM

» punk_fool - Kirk

Bob said he doesn't use the term "gift horse" given the high valuations of the present market. I thought it interesting that at one point in today's show, he implied that people who were bailing out of the market at this time due to more and more prevailing bear sentiment, would be sorely disappointed in the relatively near term. He coupled this with reading from his May 1999 letter in which he, at that time, hoped for a 10 - 15 % health-restoring correction. I take these two items to mean that he thinks after all is said and done we'll enjoy a nice little rally, at least back to where we were at S & P 1420.

-- posted by punk_fool

Top 372. Oct 17, 1999 6:05 PM

» DennisL - Health-Restoring Correction

Jon, BB did say today that the market is currently putting in a health-restoring correction. It is already there on the S&P 500 and the Dow, but still a few percentage points away on the Nasdaq (Nasdaq down only 6% from last Monday's high; need at least another 4% decline). BB is happy to see this development, and he reiterated his belief this could very well set the stage for an uptick into the neighborhood of the all-time record highs for all three indexes next spring after all of the Y2K nonsense has passed by.

Incidentally, without naming them, but taking a swipe at Joe Battipaglia and other raging bulls like Joe B., BB said, slightly paraphrased here, "I know that some very highly regarded market analysts out there are calling for Dow 12,000 by the end of this year. It isn't going to happen."

-- posted by DennisL

Top 373. Oct 20, 1999 5:13 PM

» David_Korn - David K's Interpretation of Moneytalk for Saturday, October 16,

David K's Interpretation of Moneytalk for Saturday, October 16, 1999
(E-mail: davidk555@earthlink.net)

Preliminary Disclaimer: Remember, this following is not a substitute for listening to Moneytalk. It is only my interpretation of Moneytalk along with additional educational information that I include, editorial comments about the market, helpful links and even humorous remarks. If you want to know what was actual said verbatim on Moneytalk, listen to the show live. You can even listen to past Moneytalk shows on the internet via the archives. The web site bobbrinker.com has all the links to the ABC Radio Network stations that broadcast the show live and via the internet.

Opening Monologue: Bob began the show with vengeance! His target? None other than his hero, his idol, Federal Reserve Chairman Dr. Alan Greenspan. For the first time in 14 years of broadcasting, Bob expressed disappointment with Greenspan's actions precipitated by the Doctor's speech on Thursday night to a banking conference where he advised banks to set aside more money as insurance against a big financial market decline, followed by a speech on Friday to the National Italian American where Greenspan discussed the potential danger from Y2k based on the "uncertain response" of U.S. consumers. Bob came down hard on Greenspan for spending all of his time on the speaking circuit, trashing stocks on one hand, yet failing to raise margin requirements which Bob though should be the logical step to curb daytrading speculation and market volatility. Bob noted that during his entire radio career, he has always promoted Greenspan on the show, but at this juncture, he seriously questions Greenshade's judgment. Bob added that ever since Greenspan gave the famous "irrational exhuberance" speech when the Dow was at 6500 (December, 1996), Bob has been advocating that Greenspeak raise the margin requirements from their current generous level of 50% to something in the neighborhood of 80%. What has Greenpeas done? Nothing! Margin rates remain generous and Greenspam continues the speaking circuit belittling the speculation in the stock market, the value of equities and generally causing the market to react in a negative fashion every time Greenspit speaks! Bob was so upset with Greenspan, his reaction can best be compared to a little boy who waits his entire life for an autograph from his favorite baseball player, and then gets snubbed by the baseball player after waiting for hours outside the ball park! Later in the show, Bob even went so far as to say that he does not think Greenspan should be reappointed after this term ends. The opening monologue clearly was not enough time for Bob to vent his emotion, and the Moneytalk call screener must have been ready, because the first three phone calls all were devoted to this issue!

EC: Here is an excerpt of what Greenspan actually said on Thursday night which generated the negative response on Wallstreet:

"We can readily describe this process, but, to date, economists have been unable to anticipate sharp reversals in confidence. Collapsing confidence is generally described as a bursting bubble, an event incontrovertibly evidence only in retrospect. To anticipate a bubble about to burst requires the forecast of a plunge in the prices of assets previously set by the judgments of millions of investors, many of whom are highly knowledgeable about the prospects for the specific investments that make up our broad price indexes of stocks and other assets."

-- Alan Greenspan, speaking Greenspeak on 10/14/99.

Want more? Send me an e-mail at the following address:
davidk555@earthlink.net

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-- posted by David_Korn

Top 374. Oct 26, 1999 5:11 PM

» Kirk - Archieve and Live Links

I have added links to the archieved and live shows of Money Talk on Kirk's Financial Links

Look under Kirk's Most Useful Links: to find the link.

I am listening to the Saturday monologue now. I heard some caller really got on Bob for Utek early in the show so I am listening. This is sad they keep ambushing Bob and hopefully, this is the last of it now that he has said "it was a bad pick" on the radio.

-- posted by Kirk

Top 375. Oct 26, 1999 5:25 PM

» Kirk - What Jerks!

17:42 into the show is UTEK_Mike and VIX_Steve at 19:00 follows.

Both callers are Jerks!

I may not agree with all of Bob's opinions but I sure don't like how these two callers treated Bob.

All in all, Bob recovered well and said soon after "The Bond market is a scorching buy....I bought some bonds myself this week". Bob must read "Ask Rande"! 8)

-- posted by Kirk