Moneytalk Bob Brinker Summaries - Information ONLY
- Rande
- R_Lewis
- Rande
- Oaktoad
- Rande
- Felipe
- Felipe
- Kirk
- Rande
- ourisman
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» Oaktoad - This weekends shows
Just wanted to save you all some time so I did the shows early...Bob stated that the "bad news bulls" must be quaking in their socks.
He noted that he didn't like to say I told you so, but I am telling you so.
He made special note that those who got out of the cubes at $84 made big bucks and handily beat the averages for that period of time.
Those who are in MM funds are beating the averages big time and his only regret is that he did not go to 100% cash, but that he saved his listeners so much money on taxes that he was OK with this.
Kirk from the penisula called in and asked how Bob feels about UTEK and Bob commented that he doesn't follow that stock and therefore can give no recommendation on it.
Paul from Oakland called and asked how Bob can be a disciple of Ben Graham who said that the market cannot be timed .. Bob's reponse was that Ben never had a newsletter to sell.
Rande from the Bay Area called and Bob hung up on him.
Justa called and fawned all over Bob and Bob finally said enough that his butt was getting sore from all the kisses.
Bob spent 90% of the show talking about politics so there was not much else to report.
His golf game still sucks and his kid beats him regularly.
A fairly normal show.
You can send checks in the amount of six hours times the $20 per hour that Forbes used in this issue to me to pay for all the time I saved you.
-- posted by Oaktoad
» Rande - Did he mention the Barron's quarterly mutual fund special showe
Did he mention the Barron's quarterly mutual fund special showed the folling one-year returns through the third quarter of 2000:Large cap growth +30.31%
Mid cap growth +63.89%
Multi cap growth +53.42%
Small cap growth +56.56%
Health/Biotech +93.39%
Sci Tech +69.60%
-- posted by Rande
» Kirk - Sad but true Felipe
There were two callers asking for answerers and they got "if is too early to say what I will be looking for"... Hilarious!Too bad Will has more important things to attend to as he'd really right some funny stuff on this.
Bob has gotten even better at saying nothing and then saying it in a way that he can claim he called it later on. 8)
I LOVE how he now says the NASDAQ proves him right.
Lets see, the market goes up when he is out so he calls it a sector and says he doesn't market time sectors.
Then we have a typical bout of sector rotation where the sector that went up over 85% last year has given much back... and he says "this bear market in the sector proves I am right".
all the while the total stock market ambles along +/- the 10% we used to consider as noise before we had the "easy money period" between 1995 and 2000.
he even is saying "Even the Piano Player will go when they back up to the house of ill repute." meaning that all stocks will get whacked if we get a bear. Well look at Citigroup and tell me where the bear is? 8) In fact, I sold some technology in the early part of the year and bought oversold financials (like Abby was saying, I agreed with her as did Rande and we posted it here) and these are up 15 or 20% since we bought. I have XLF at $21 and change since Bob's bear call. Sector rotation, not a bear market, has it NOW over $28!
Take a look: http://finance.yahoo.com/q?s=XLF&d=2y
SECTOR ROTATION FOLKS!
There may NOT be another major buying opportunity or it might not come for years.... especially if the market goes higher! 8)
-- posted by Kirk
» Rande - Market goes up -- See? Told you we'd get counter trend rallies
Market goes up -- See? Told you we'd get counter trend rallies. Market goes down -- See? Told you we were in a bear. Ought to be able to sell lots of commercials and newsletters for a long time with that approach. The truly amazing thing is that people don't see it for what it is. But then, if some are will to overlook his claiming the Nasdaq was just a sector and impossible to time when it was going against the model earlier in the year (up around 40% from the time of "the call" through late March alone) only to turn around later and hitch his wagon to the Nasdaq as a trading vehicle that's easy to call if you know what to look for AND a proxy for the market in terms of his model being right about the bear, then they'll overlook anything. What's the use in trying to convince such people? All you can do is give 'em a prayer or a moment of silence.-- posted by Rande
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