Moneytalk Bob Brinker Summaries - Information ONLY
- Kirk
- clueless
- Rande
- Slick
- Rande
- BillR_5
- clueless
- Kirk
- Jaybird248
- R_Lewis
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» Kirk - What I Heard
I was at a public hearing trying to stop SF airport from filling the San Francisco Bay to expand their runways... so I missed most of the show but I heard him say that many good money managers had tossed in the towel in the market.He seemed pleased that he has done the same (sitting mostly in cash) until he sees an easier time to make money.
I also heard him say not enought data to predict a recession yet.
Myself, I am up 6% YTD so I guess that is good. 8)
Any comments on the Fed?
-- posted by Kirk
» Rande - Nasdaq is the only index worth talking about now? Wasn't it a
Nasdaq is the only index worth talking about now? Wasn't it a short while ago that the Nas was completely ignored except to refer to it as just a sector that couldn’t be timed by anyone (as if any part of the market or the market as a whole could be). Of course, that was when it was up over 40% since Nervous Nellie Day. And now we have "trading opportunities" instead of buying opportunities? What happened to "long-term" market timing (which is just as stupid and risky as any other kind of timing but at least a little better than day trading). Sure sounds like short-term trading/timing, and that with an index that not long ago was impossible to time. What a tragic disservice to anyone who takes this stuff seriously. For the last year or more it's seemed as though things get made up as it goes along, with lots of spinning and twisting all the way. What a shame. Or is it sham. Or is it both.-- posted by Rande
» Slick - Brinker's Poignant Remark
I'm a long time Brinker fan, and I listen to his analysis of current market conditions with reasonable intent. But , yesterday , he made a statement , I couldn't shake off. To paraphrase, he said chairman Greenspan really wasn't interested in weather he causes a recession ( by his rate increases) but rather just getting inflation under control.To me , this implies that Brinker now believes Greenspan is fully capable and WILLING to step up his efforts to quash the inflation bug , by use of 1/2 point increments in overnite rates. I'm just a humble HOURLY werkenstiff, but , this is very unlikely to happen. He will continue to gentle tap the brakes with 1/4 points, and I take exception to his (Greenspan's) lack of concern about the economy. He certainly does care about the "R" word. And won't go down in history as the man who killed the golden goose.
Conditions within this economy AREN'T that dire currently . And Brinkers rhetoric does seem to be misplaced. ... no matter how much cash one has.
Best Regards---Slick
-- posted by Slick
» Kirk - Lost Objectivity Slick
Amazing Slick. Thanks for posting that as I didn't hear much of the show (I was out hugging SF Bay Mud as we try to stop having the airport fill in the bay to expand).Anyway, I hear many who have been bearish for some time NOW say the Greenspan will raise 50 basis points. They seem to ignore there are ALREADY signs the economy is slowing and fixate on the negative to reinforce their positions.
Incredible to me is one of the Brinker discussion groups at SI that is populated by devout followers seems to give tremendous weight to the ranting of perennial bears such as Fleckenstein and Abelson! One has a belief that war is about to break out between China and Taiwan! These bear rants have been wrong for a decade but now some cling to these people like they are a new found 2nd coming! Even Ed Yardinni is now quoted! 8)
It seems that many have lost objectivity to try to hold to a position to justify to themselves to stay at 60% of equity portfolio in cash as the leaders in the US, technology companies, leave them at the station.
Strange and sad. I've been investing in good technology companies with reasonable valuations and my personal portfolio is up 6.7% YTD, 30% compounded since 1992! My more active newsletter stock portfolio is up 18% YTD. It is not that hard to be up if you stay away from chasing high flyers and buy what I call "value stocks" which are ones with good growth to justify their p/e ratio. Do that around a core of good index funds and you are a happy camper.
Thanks again for posting the article.
SO many forget that our working people are enjoying the boom and can now afford to spend plus the trickle down effect Regan was fond of has come true. Cisco makes a mint for its share holders and then they build new buildings for their 20,000 new employees providing jobs for many to build these structures.
-- posted by Kirk
» Jaybird248 - The View from Lake Tahoe
When you consider Brinker's position on the market, consider his position in life:After 15 years, he's built a considerable fortune for himself, and for his long term listeners. He no longer has to take big risks, and feels his audience also wants to walk the safer road. There appears to be a mismatch between BB and his newer listeners with more agressive investment needs or wants.
Perhaps these's a need for another advisor on scene who mirrors these investors' position more than Bob does.
BTW, Tom Galvin, Chief Strategist of DLJ has just gone to 90% stocks, mostly in tech. His feeling, per the NY Times today: "Diversification is hogwash. Get into the hot sectors...now tech and telecom...and get in big."
Just another point of view.
-- posted by Jaybird248
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