Moneytalk Bob Brinker Summaries - Information ONLY
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» Kirk - It is important
....enough to name the countryThe United STATES....
recite the pledge of allegiance:
I pledge allegiance to the Flag of the United States of America and to the Republic for which it stands, one nation under God, indivisible, with liberty and justice for all
Sad that so many don't understand this.
-- posted by Kirk
» Kirk - Bob is Bearish
Today, Bob said he remains bearish as he was back in January when he made his call.Funny, back then, I remember it being a "tactical asset allocation". When the NASDAQ went up 40%, he took great pride in his hot B2B fund and how well his 40% in the market had captured a majority of the gains that the S&P500 saw but with far less risk.
Now the S&P500 is down and he is bearish (but still never got out 100%)
NOW the reason for not going 100% is clear... can be bullish or bearish depending on results!
-- posted by Kirk
» Roger_Babson - Re: It is important
In response to message posted by Kirk:Kirk, old pal, you're technically correct about the US being a democratic republic.
However, the only entities that get to exercise democratic power are the top 1%-10% of households as measured by net wealth.
We have a democracy of corporate power or a neo-imperial corporate-state. The rule of law is not constitutional law but corporate law. Theoretically, corporate law is supposed to be a subset of constitutional law; but long ago corporate power usurped the authority of the constitution.
And I say, "THANK GOODNESS!!!" I would hate to have a bunch of bubbleheads actually having a say in how the government is run, such as foreign policy, the tax code, ownership of property, or having a direct influence on the distribution of wealth and income. I like things exactly the way they are.
With corporate law and private property rights as the overarching determinants of power in our system, I can enjoy a life of rent-seeking, tax avoidance, and exploitation of labor and capital that I could not find anywhere else in the world.
That the legislative system is in gridlock, preventing go-gooders from controlling the system, property holders and rent-seeking persons such as my colleagues and I can manipulate the system to our advantage. If the pesky rabble were ever to get control, the system would collapse into anarchy.
The middle-income and low-income rabble fight the wars and police actions, pay the taxes for their welfare programs, and basically work until they die. The rest of us must continue to accumulate wealth by extracting the surplus labor power of the working masses, controlling the credit-creating and taxing authority, and ensuring that the media, education, and entertainment media keep the rabble pacified so that they'll get up every morning and submit to exploitation.
In many respects, the vast majority of the bottom 80%-85% of US society are tax, wage, and debt slaves, and they don't even know it; they are like serfs of the Middle Ages: they don't own property, they pay regressive taxes, and they have only their labor to sell; to them, there is no alternative; this is the way they must remain: ignorant, disenfranchised, and pacified.
God bless America!!! Long live the corporate-state. We have to do everything possible to demonstrate to the rabble that the politicians that they vote for are corrupt and incorrigible. Only then, can we ensure that the political system is political unable to function in the interests of the rabble.
Long live GRIDLOCK!!!
-- posted by Roger_Babson
» Kirk - Re: Re: It is important
In response to message posted by Roger_Babson:WE actually agree on this point:
, the only entities that get to exercise democratic power are the top 1%-10% of households as measured by net wealth.
It is the money that buys the votes with TV time...
What makes our country great is getting into that top 1-10% is possible with hard work, brains and some luck. This is not possible in most other societies where you are usually born into it or take it through an act of civil war.
Birth can replace one or two of these but they usually end up flying planes into the drink or skiing into trees if they don't have enough brains and luck.
The alternatives are scary. You REALLY want to put those voters that can't punch a ballot correctly in charge? IT is good for a society to have many barriers to reaching the top.
-- posted by Kirk
» Roger_Babson - Re: Re: Re: It is important
In response to message posted by Kirk:IT is good for a society to have many barriers to reaching the top.
You're absolutely correct, and I am SO GLAD that bubbleheads such as you will not make it up here with me in the top 1%-10%. LOL!!!
As a matter of fact, there is an explicit prohibition to bubbleheads receiving membership to "club". LOL!
The bear market will ensure that you don't make it to the top! LOL!
As a matter of fact, the bear market actually serves to CONCENTRATE WEALTH EVEN MORE. MANY OF THE GREATEST FORTUNES WERE MADE IN BEAR MARKETS AND DEPRESSIONS. This time will not be any different.
Long live the neo-imperial corporate-state!!!
-- posted by Roger_Babson
» Kirk - Complainers told to not listen but subscribe!
Amazing... I wonder how ABC feels about an official spokesman (he has his own thread there) telling people this?this note was posted by a new member "Socratesismyname" Here
To: trekkie in Houston (194886)
Date: Nov 11 2000 6:43PM
From: Socrates Msg #: 194975
With all due respect Trekkie from Houston, you seem to march to a different tune than the rest of us. This show was just a variation from the political talk shows. Bob is not a constitutional scholar, although he might think he is! Still would rather here him talk about the financial markets. Political overdose hear. I imagine many listeners feel the same.
To: Socrates (194975)
Date: Nov 11 2000 8:35PM
From: Justa Werkenstiff Msg #: 195112
Socrates: Market views are in Marketimer. Seems pretty simple to me and a great time saver if that is your only interest in listening to Bob. But I guess it will just take time for some to catch on to the real deal going forward. Sure was a lively show today!
Listening to commercials for 41 minutes to get 19 minutes of investment talk is a heavy price to pay... why should they have to also subscribe to a newsletter? I thought the whole point of the show was "Money Talk" meaning talk about money?
-- posted by Kirk
» Kirk - A Caller has the final word
Funny. This guy called Moneytalk and, according to the "Korn Interpretation", he was cut short... Looks like he found a way to finish his thoughts (of which I agree with 100%):
To: JohnK (195024)
Date: Nov 11 2000 7:07PM
From: JohnK Msg #: 195024
To Bob Brinker: As I tried to express to you in a recent call to MONEYTALK ("electoral college; SENATE and King Solomon"), any cavalier declaration of "fairness" to justify an end must necessarily be subjective, whereas the effectiveness of the CONSTISTUTION has 200 years of objective pragmatism on its side. Anyone who would "mess" with the CONSTITUTION on the sole basis of judgemental "fairness" is foolish in my opinion. The FOUNDING FATHERS quite cleverly limited big/powerful central government (i.e., the type that led to many governmental disasters throughout history, the prime example of which was NAZI Germany) by implementing the SENATE in the legislative branch and by implementing the electoral college. Anyone who is anti-electoral college should logically be against the existance of the SENATE. Why not have just a HOUSE which "more-fairly" represents what the majority wants. For that matter, why not just scrap the "republic" and go to a direct-populus-vote on law-establishment? Again, I suggest to you the what the FOUNDING FATHERS came up with was brilliant and should modified only very, verfy, very reluctantly.
JohnK
-- posted by Kirk
» Kirk - Will Summarizes a year of great quotes
First posted HEREAuthor: Will_L
Date: November 29, 2000 10:35 AM
Subject: Bromides and famous Quotes
From Q4 1999 Q1 2000
"My model is either bullish or bearish"
"No one can tell if we are in a secular bear market until they are in it"
"If my model ever turns bearish the only place to be is 100 percent cash"
"I did not say I was bearish. I did not say there would be a bear market"
"We went to a "risk averse" asset allocation in January. We are not forecasting a bear market. Thus we are 40% in equities"
"Our high tech portfolio is doing better than the S&P"
"B2B is much different than B2C"
"That first hand fund has a place in agressive portfolios"
"International investments will shield you from underperformance in the States"
"The Nasdaq is a casino with no history, No one can time it. Anyone investing in the Nasdaq should not be listening to me."
"I never made any prediction about the Nasdaq. My model is based on the S&P. No one can time the Nasdaq"
Q2 2000
"The Nasdaq bear market that I predicted"
"The bear market we are now in will have sucker rallies"
"We have proof of inflation! The fed will probably raise rates at every meeting until the end of the year except October"
"I have identified a bear market countertrend rally in the Nasdaq with my auxillary timing model. I bought last Tuesday in the low 70's and you should not purchase until they retreat to that point. I am looking for a 20 percent plus move on this trade "
"Ata boy, Fred did the math and bought at 85."
"They are trading at 102, but this is not the time to sell, I will tell you when to sell on the radio"
"My method of determining a sell is too complex to give you. I am sure I will be able to tell you when to sell to get the 20 percent gain on the radio"
"If the QQQ's reach 84 sell!!!"
"The QQQ trade is over because of unforseen market activity"
Q3 2000
"The Nasdaq is still way overpriced with a P/e of 100"
"We are mostly in cash"
"The Nasdaq sold off in September when all the talking heads said it would go up. I was right!!"
"We have made 5 percent on our dry powder"
"None of the averages are up for the year"
"The Nasdaq is in a bear market"
"There is the possiblity of the Nasdaq going to 1500. And then the S&P may drop to 20 percent in bear market territory."
"I have identified a countertrend rally that will last from 2 to four months and result in at least a 20 percent gain from the recent lows in the QQQ's!!! ACT IMMEDIATELY"
"I did identify a trade in QQQ's but it is only for subscribers of Marketimer" Fade to commercial
"No stupid, It would not be better to buy Diamonds than the QQQ's. The QQQ's are a much better trading vehicle!!!"
"I meant by immediately to buy the qQQ's only from 70 to 75"
"This trade is not news driven. It is driven by market internals."
"The election does not matter"
"The foreigners do not understand our market and are selling needlessly"
"The election does not matter"
"The weak money doesn't understand that the election doesn't matter"
"There is not a problem or a constituional crisis. Anyone who says there is , is certainly a fool. I saw so many people making a big deal out of this, as though it was a crisis. It hasn't affected the markets."
"The election had no impact on the market. The dip was because of Hewlett Packards' disappointment"
" Anyone who understands, knows this does not matter to the markets because of the 20th amendment to the constitution. Even if we don't have this sorted out by Jan. 20,th our constitution provides for an interim president, so there will be no effect on the market."
"The market never discounts the same news twice"
"This election stuff doesn' bother the markets, all they care about is Gridlock"
"This is great news for the market. We have the mother of all Gridlock"
"This election is having no effect on the market"
"No this is not MOABO" MOABO won't come until sometime in 2001 or 2002."
"When I became bearish in January"
Quarter 1, 2000
"I don't move markets"
Quarter 3 2000
"I can't make these awesome trades known on the radio again--listen to this schmoozing article about me on The Street.com. It says I move markets!!"
-- posted by Kirk
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