Bob Brinker only talked about his market views one time on Saturday, December 8th. Unfortunately, it was all from a "rearview mirror" perspective -- as usual.
Bob Brinker said:
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STOCK MARKET: "Another good week for the financial markets. The S&P 500 Index now back over the 1500 mark. It’s just a little over 3 ½% under its all-time-historic high. And the S&P 500 having another very, very good week…….. If you go back to March 11, 2003, when we issued our major buy signal on the stock, the S&P 500 was around 800 then, now it’s over 1500. That gives you a total return, so far, including the cash dividends, well in excess of 90% -- or as they say, how sweet it is…."
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My complete Moneytalk summary will be posted later today__Honeybee
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Make sure you watch this short video Sub-prime Meltdown Crisis Explained
"Rewarding the Ingenuity of the Markets"
Question: "Isn't that rewarding greed and stupidity?"
Answer: "No, no. It is rewarding.... the ingenuity of the markets."
"We want this money to .... so we can continue to lend money as if nothing happened without thinking too much about it."
The video answers, in a very funny, tongue in cheek way, the question "If you don't get this money, what then?"
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