Lynn made a point about the stock market that Bob Brinker has never talked about. She said: "In March 2009, the S&P 500 closed down 57%. It was at a twelve year low. And today, three years later, it's up 103%."
Honey EC: Those stats are correct, but the fact remains that the S&P is still a long ways below its October 2007 all-time-high of 1565.26. Bob Brinker's two equity model portfolios are still underwater from that high because he was fully invested for the whole wild ride.
Lynn said: "Profits in the S&P 500 are going up faster than the indexes price. Corporate profits have topped analysts targets twelve straight quarters. And projections are that earnings are going to average about $104 a share. That's the highest ever for the S&P. It's a gain of 69% from 2009....Price to earnings ratio of publicly owned companies.....is just over 14%. That makes stocks cheaper now than at all the market peaks since 1989.....The five decade average is 16.4%.....And yet, we're all nervous about getting into the market."
Lynn said: "Profits in the S&P 500 are going up faster than the indexes price. Corporate profits have topped analysts targets twelve straight quarters. And projections are that earnings are going to average about $104 a share. That's the highest ever for the S&P. It's a gain of 69% from 2009....Price to earnings ratio of publicly owned companies.....is just over 14%. That makes stocks cheaper now than at all the market peaks since 1989.....The five decade average is 16.4%.....And yet, we're all nervous about getting into the market."
Bob Brinker's projections don't entirely match with some of Lynn's. In the March Marketimer, Bob said that the historical S&P price/earnings average is 15 to 15.5 -- $103 earnings estimate. On that basis, Brinker wrote: "We are projecting a rise in the S&P 500 Index into the mid-to-upper 1400s within the next 12 months. This represents a slight increase from our prior target range in the low-to-mid 1400s range."
The topic for the first hour was about a study done by the University of California at Berkeley that claims "the wealthier you are, the more likely you are to lie and cheat." You can read about it here.
Honey EC: Personally, I think one should consider the source of the study, and also the lack of variables and tiny number of people involved. I did find it comical that Prius drivers feel "entitled" to break the law -- according to the study. :)
Lynn's topic for the second hour covered how to get help if you are in trouble with your mortgage/home, etc. She gave a couple of websites for more info:
Nationalmortgagesettlement and makinghomeaffordable
Lynn's third hour guest was Roberton Williams, who offered his philosophical opinions about how Americans should and should not be taxed. Please see the next post for a complete summary written by FrankJ.
I will also write a complete summary and commentary about the Brinker Fixed Income Advisor Monday or Tuesday.
8 comments:
It looks like Bob Brinker has contracted with Lynn Jimenez to work AT LEAST one day a month.
So that leaves Brinker three days a month to work -- or 9 hours. No wonder radio stations don't take him seriously anymore and are preempting him for basketball or replacing him with infomercials.
Bob Brinker's fill-in weeks for 2012:
January 8, 2012: Lynn Jimenez
February 5, 2012, Super Bowl Sunday: Third hour rerun calls
February 12, 2012: Lynn Jimenez
March 11, 2012: Lynn Jimenez
I read on another (unnamed, but accurate and truthful) site that he was pretty upset with Hulby and may have spent the night out.
I cannot verify or disprove these disgusting comments, but have no problem at all in repeating them.
HTH, you're very welcome, and please respect the messenger.
Radio listener sent a link and said:
"Talkers just came out with their list of their "heavy 100" radio talk show hosts. Funny, Brinker is not even mentioned, hence he ranks below the likes of "Mancow" and "Opie & Anthony"!!"
Talkers.com/heavy hundred
I was out campaigning for conservative candidates today so I did not listen to the commie-babe but when I got home my wench said Jimenez was on a 3 hour socialist rant and the show amounted to a 3 hour endorsement for Obama.
tfb
I was wondering where the cuddly one was... :)
Your "wench" is a very smart lady....
Tell her that tomorrow, I will post a summary of the third hour tax man written by FrankJ -- a man who knows taxes like I know every inch of my glorious.....errr....like I know the back of my hand. LOL!!!
I can write the summary without having listend to the show, Lynn Jimenez probably said:
Republicans are bad, oh I m not political, except Republicans are bad, and banks are bad, and businesses need to share more with their workers, and people need help understanding the debt they willingly take on, the rich need py more in taxes, and poor people are always 100% in the right, and did I say banks are bad, CEOs are bad, Hispanics are good, Whitey is bad, oh and I wrote a book: Have another Jalapeño, your everyday guide to seasoning Mexican cuisine.
Let me know if I got it right,
tfb
TFB,
Uncanny insight! You would be amazed to know how right on you were.
But Lynn is very subtle in promoting her political leanings. She leads by asking questions while vigorously claiming she isn't political.
She actually hung up on a woman who had the audacity to say something negative about Obama, but she only protested while the Bush-bashing took place. :)
@Honeybee - Heavy 100 Talkers - both Mancow and O&A are daily national shows, with a large 18-54 male demographic (that is the 'money' demo for advertisers) and do 15-20 hours/week on air. FYI, there is only 1 of the 100 that has a weekend radio show.
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