REVIEW AND UPDATE
The following is recent blog summary excerpts from prior Moneytalk broadcasts. However, my editorial comments are all original, live and up to the minute. I have reviewed the July issue of Marketimer and everything I have excerpted here from Moneytalk is in agreement with it:STOCK MARKET....Based on adjusted-up 2016 operating earnings of $13O -- because of the current economic growth expectations for the year (he sees zero recession risk) -- Brinker's Marketimer S&P 500 Index target range is now in the "low-2200s."
He remains fully invested, even though he expects a correction in the 10-15% range this year -- which he expects to present a good "buying opportunity." Brinker considers declines under 20% on a closing basis a correction -- under 10% is "noise."
GREECE WILL AFFECT US STOCK MARKET....So far, Brinker has been right on target. He said this last week: "I think with this development this weekend, this is a financial shock in Greece for sure and I think it's going to be accompanied by some selling of investments by people who are scared. Some people are going to look at this and say it's the end of the world you know, like that gentleman in the bar in The Birds – it's the end of the world don't you know....... So I think you will see some selling, some volatility in the market as a result of it. I think it's inevitable. How much remains to be seen. The question I ask is the same question I asked earlier. How does this affect the US economy..... I don't think it will affect the US economy -- so whether people seller they don't sell, I don't think it will affect the US economy."
GREECE WON'T AFFECT US ECONOMY....Brinker clearly does not believe the Greek Drama will affect our economy. Last week, he said: "The question I ask is the same question I asked earlier. How does this affect the US economy..... I don't think it will affect the US economy -- so whether people seller they don't sell, I don't think it will affect the US economy."
BOND MARKET....Brinker continues to tout low-duration bond funds to avoid interest rate risk, but says he is willing to take credit risk because he believes that the economy will continue to grow moderately.
JEFFCHRISTIE'S MONEYTALK FINAL EXAM QUESTION
Today's final exam question is a repeat. Who is the woman Wall Street professional that Bob Brinker calls "Her Ladyship"?
A) Maria Bartaromo
B) Abby Joseph Cohen
C) Elaine Garzarell
D) Gail Dudack
Honey EC: Jeff, thanks for telling us the Final Exam Question is a re-run! :) It's important to read what it says under the picture of the correct answer. This woman was one of very few who called the crash of October 1987. Brinker did not. Since then he always showed contempt for this woman. When he was posting as "mistertopes" on Silicon Investor, he actually called this woman "the princess of wink." Sadly, she has an uncontrollable ailment that causes her to "wink" while she is talking.
If Bob Brinker ever writes a book, Bluce has a title ready for it: "Bob Brinker's Morality and Integrity Handbook" with the "New, expanded edition including 'How to Run a Phony Radio Show'.==> PODCASTING:
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Moneytalk Hour Two_ June 28, 2015
Moneytalk Hour One_ June 21, 2015
Moneytalk Hour Two_June 21, 2015
Moneytalk Hour Three_June 21, 2015