|Bob Brinker hosted Moneytalk yesterday. He says the economy is in slow growth and sees no inflation or increasing interest rates in the near future. Here are some excerpts from my blog summary of the show: |
April 15, 2012, Bob Brinker's Moneytalk Show: Summary, Excerpts and Commentary
STOCK MARKET....Bob Brinker said he was broadcasting today from warm Las Vegas after having spent the previous night at a baseball game with his grandchildren at Coors Field in Denver, Colorado. Bob must have had jet-lag because he didn't notice the 800 pound elephant in the room -- the stock market had its worst week this year, and the S&P dropped two weeks in a row. He only mentioned the stock market once, said it had been a "roller coaster" over the past five years.
BOB SEZ HE MAKES INVESTMENT RECOMMENDATIONS MONTHLY NOW: Caller Bill from Illinois asked Bob what investments he would recommend if the next election brings gridlock in Washington. Bob replied: "I don't make my investment recommendations six-months in advance. I make them in real time....They are not investment recommendations for 2018 or 2015 or November of 2012. We'll deal with that in real time."
Honey EC: That "real time" statement makes no sense to me. He's always had S&P 500 Index price targets out as far as a year. For example, in the October 2007 Marketimer, Bob Brinker wrote: ".....based on our estimate of $99.50, we see the potential for the S&P 500 Index to rise at least into the mid-1600s range next year." (See my April 10th article if you want to know what Bob is projecting for the remainder of 2012.)