Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Bob Brinker now as negative as CNBC
Old 03-07-2009, 06:24 PM   #1
Recycles dryer sheets
 
Join Date: Jan 2008
Posts: 56
Bob Brinker now as negative as CNBC

Just heard some of Bob Brinker's Moneytalk show on the radio today. He sounded just like the commentators on CNBC. Bitching and moaning about Obama, Geithner, Bernanke etc. Obama has been President for 6.5 weeks and he is supposed to have solved this disaster by now. This complaining coming from the fellow that publishes the MARKETTIMER newsletter who missed the biggest drop in the market in decades. These bitter "Masters of the Universe", with their gigantic egos, are looking for someone, anyone to blame for their total misreading of the economy.

Unlike all of these Wall Street egomaniacs, I will be patient and see what the Administration can do over the coming months.
__________________

__________________
lightwaves is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 03-07-2009, 06:34 PM   #2
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
audreyh1's Avatar
 
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 16,471
Oh! Whew! I thought maybe he was telling people to get out now.....

Audrey
__________________

__________________
audreyh1 is offline   Reply With Quote
Old 03-07-2009, 06:37 PM   #3
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
youbet's Avatar
 
Join Date: Mar 2005
Location: Chicago
Posts: 9,965
Quote:
Originally Posted by lightwaves View Post
Unlike all of these Wall Street egomaniacs, I will be patient and see what the Administration can do over the coming months.
Wow, what a guy!
__________________
"I wasn't born blue blood. I was born blue-collar." John Wort Hannam
youbet is offline   Reply With Quote
Old 03-07-2009, 06:45 PM   #4
Thinks s/he gets paid by the post
OAG's Avatar
 
Join Date: Jun 2006
Location: Central, Ohio, USA
Posts: 2,598
I thought the "transition team" and the "Office of the President Elect" had been working on the problems/issues since Nov 5th! I do not have the ability to judge the results or impact of what has been done thus far (and a lot has been done) but IMO unless someone steps up and creates some optimism pretty soon we will probably see, at best, a stagnant economy/stock market, for a good while longer. I have several Grand Kids moving into the job market in the near future - my hope is that they will be able to prosper.
__________________
Vietnam Veteran, CW4 USA, Retired 1979
OAG is offline   Reply With Quote
Old 03-07-2009, 06:58 PM   #5
Thinks s/he gets paid by the post
tryan's Avatar
 
Join Date: Mar 2005
Posts: 2,449
Hard to imagine what he's complaining about ... he could "retire" at 72 with the annual fees he collects for MarketTimer. No need to sweat the decade lows he missed.
__________________
FIRE'd since 2005
tryan is offline   Reply With Quote
Old 03-07-2009, 07:15 PM   #6
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jul 2003
Location: Kansas City
Posts: 7,408
Duh - what part of 'The Invisible Hand' did Brinker fail to grasp?

Hey! I'm a Democrat and my Sister a Republican - whom I get to razz now cause 'WE' won plus Brett Farve 'may' be finally retired or not and the Pat's are still a good football team even if they missed the playoffs and it is not football season.

Do you really expect the government to fix the problem? Expect strenuous effort to throw a lot against the wall to get something to stick - But to 'magically untangle' the unentended consequences of the recent financial past is a stretch.

I figure the Saint's may make the Superbowl before we see DOW 14,000 again.

But then I'm an optimist.

heh heh heh -

'God Looks After Drunkards, Fools and The United States of America.'

But sometimes it takes awhile. .
__________________
unclemick is offline   Reply With Quote
Old 03-07-2009, 07:28 PM   #7
Thinks s/he gets paid by the post
BunsGettingFirm's Avatar
 
Join Date: Jan 2004
Posts: 1,502
I'll give the economic stimulus package the same patience that I gave the Iraq War, so in short, I predict we'll be done with the current mess in 3 months.
__________________
BunsGettingFirm is offline   Reply With Quote
Old 03-07-2009, 07:29 PM   #8
Moderator
ziggy29's Avatar
 
Join Date: Oct 2005
Location: Texas
Posts: 15,612
Brinker was bullish through almost all of this.

His record was actually pretty good before the last year and a half, but like so many "gurus", the luck ran out.
__________________
"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)

RIP to Reemy, my avatar dog (2003 - 9/16/2017)
ziggy29 is offline   Reply With Quote
Old 03-07-2009, 07:35 PM   #9
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Dawg52's Avatar
 
Join Date: Feb 2005
Location: Central MS/Orange Beach, AL
Posts: 7,438
I've seen his name, but I've never heard him on the radio. Might be because I only listen to the classic rock channels.
__________________
Retired 3/31/2007@52
Full time wuss.......
Dawg52 is offline   Reply With Quote
Old 03-07-2009, 07:49 PM   #10
Recycles dryer sheets
 
Join Date: Oct 2007
Posts: 332
Brinker has been totally clueless for a year and continues to be so.
__________________
cashflo2u2 is offline   Reply With Quote
Old 03-07-2009, 08:23 PM   #11
Recycles dryer sheets
 
Join Date: Jan 2009
Posts: 170
Brinker has not seen a bailout he doesn't love.

Actually Brinker's all in "QQQ" counter rally call in 2002 wiped out selling 65% in 2001 but somehow that is not counted in his return for that period.
__________________
Gpond is offline   Reply With Quote
Old 03-07-2009, 09:00 PM   #12
Recycles dryer sheets
 
Join Date: Jan 2008
Posts: 56
Brinker and the other Wall Street "geniuses" want the quick fix. Well...they are not going to get it from this President. He is aiming at shoring up the foundations not giving them an unsustainable sugar high they crave so much.
AFP: Obama sees 'pillars' of recovery in place this year: report
__________________
lightwaves is offline   Reply With Quote
Old 03-07-2009, 09:49 PM   #13
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
dex's Avatar
 
Join Date: Oct 2003
Posts: 5,105
Quote:
Originally Posted by lightwaves View Post
Brinker and the other Wall Street "geniuses" want the quick fix. Well...they are not going to get it from this President. He is aiming at shoring up the foundations not giving them an unsustainable sugar high they crave so much.
AFP: Obama sees 'pillars' of recovery in place this year: report

Agence France Presse
__________________
Sometimes death is not as tragic as not knowing how to live. This man knew how to live--and how to make others glad they were living. - Jack Benny at Nat King Cole's funeral
dex is offline   Reply With Quote
Old 03-07-2009, 10:31 PM   #14
Thinks s/he gets paid by the post
Bikerdude's Avatar
 
Join Date: Jul 2006
Posts: 1,901
Quote:
Originally Posted by lightwaves View Post
Brinker and the other Wall Street "geniuses" want the quick fix. Well...they are not going to get it from this President. He is aiming at shoring up the foundations not giving them an unsustainable sugar high they crave so much.
AFP: Obama sees 'pillars' of recovery in place this year: report
Well, he better hurry up cause the foundation is cracking and unless the market comes back soon its going to crumble.


$865 billion in state pension fund losses are resulting in reduced benefits for new hires :: Stock Broker Fraud Blog

States in Trouble Due to Economic Downturn | National Council of Nonprofits
__________________
“I guess I should warn you, if I turn out to be particularly clear, you've probably misunderstood what I've said” Alan Greenspan
Bikerdude is offline   Reply With Quote
Old 03-07-2009, 11:21 PM   #15
Thinks s/he gets paid by the post
 
Join Date: Aug 2004
Location: Laurel, MD
Posts: 2,951
Quote:
Originally Posted by lightwaves View Post
....... Bitching and moaning about Obama, Geithner, Bernanke etc. Obama has been President for 6.5 weeks and he is supposed to have solved this disaster by now. This complaining coming from the fellow that publishes the MARKETTIMER newsletter who missed the biggest drop in the market in decades. .
I'v been a big fan of Bob. He's probably just grouchy because a lot of subscribers to the Marketimer Newsletter are not renewing (including me).
__________________
...with no reasonable expectation for ER, I'm just here auditing the AP class.Retired 8/1/15.
jazz4cash is offline   Reply With Quote
Old 03-07-2009, 11:51 PM   #16
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
youbet's Avatar
 
Join Date: Mar 2005
Location: Chicago
Posts: 9,965
Quote:
Originally Posted by lightwaves View Post
Brinker and the other Wall Street "geniuses" want the quick fix. Well...they are not going to get it from this President. He is aiming at shoring up the foundations not giving them an unsustainable sugar high they crave so much.
AFP: Obama sees 'pillars' of recovery in place this year: report
I think that when Barak has a clue, he'll take more action. For now, he's stuggling to even pick a Treas Sec that knows how to pay his own taxes.....

In the meantime, he'll just keep saying "we're aiming at shoring up the foundations.........".
__________________
"I wasn't born blue blood. I was born blue-collar." John Wort Hannam
youbet is offline   Reply With Quote
Old 03-08-2009, 12:11 AM   #17
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Sep 2005
Location: Northern IL
Posts: 18,281
Quote:
Originally Posted by lightwaves View Post
Just heard some of Bob Brinker's Moneytalk show on the radio today. ...

Obama has been President for 6.5 weeks and he is supposed to have solved this disaster by now.
lightwaves, did Brinker *really* say that he thought Obama should have *solved* the problem by now? I listen to Bob quite often, and that does not sound like him. I heard part of the show, and I think he is saying what many others have said (paraphrasing):

The plans presented by the Obama administration do not instill confidence in the market. Very many people believe that these plans are not going to help the economy in the near, mid, or long term. In response, the market has dropped.

As I've mentioned in other threads, this is not opinion, if the plans instilled confidence, you would see it in the market. The market is a leading indicator.


Quote:
He sounded just like the commentators on CNBC. Bitching and moaning about Obama, Geithner, Bernanke etc.
Looking back at your recent posts, most of them have to do with complaining that people are picking on ( or should I use your words "bitching and moaning about"?) Obama. He's in the kitchen now, just as you wanted, he has to take the heat. I also looked back at your posts in the Soapbox, you didn't seem to have any problem dishing it in the opposite direction.


Quote:
Unlike all of these Wall Street egomaniacs, I will be patient and see what the Administration can do over the coming months.
I see now that you started this thread in the "FIRE and Money" forum. Yet, I don't see anything from you about money, all I see is defense of the Obama admin, and a lot of name calling against those critiquing him. I might suggest that it be moved to "FIRE Related Political Topics", but w/o any real money analysis, I don't see how that fits either. Maybe this would help:

"Every time someone in the Obama admin talks about the economy and their plans, my Net Worth drops, and impacts my FIRE status. When is the Obama team going to present a plan that inspires confidence?"

Now *that* is a "FIRE Related Political Topic".

-ERD50
__________________
ERD50 is offline   Reply With Quote
Old 03-08-2009, 12:36 AM   #18
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Sep 2005
Location: Northern IL
Posts: 18,281
Quote:
Originally Posted by youbet View Post
For now, he's stuggling to even pick a Treas Sec that knows how to pay his own taxes.....
just as he struggled to pick a Secretary of Health and Human Services, a Chief White House Performance Officer, and a Labor Secretary that didn't have problems with taxes.

This does not bode well for getting more taxes out of the top 2%, does it? We have a precedent that "taxes are hard" and I guess you can't really be expected to pay them. Odd that these tax "mistakes" and "complexities" always seem to result in underpayments? I would think there would be a 50-50 chance that we would see a news headline "Cabinet appointee found to have overpaid taxes for the past 3 years". I guess we will see that when we see "Fortune Teller wins the Lottery".

You know, having tax cheats in the admin *is* a FIRE and Money topic. It could well "justify" more tax cheating across the general public. There are two ways this could affect our money, depending how you play the game. Perhaps I'll start a thread....

-ERD50
__________________
ERD50 is offline   Reply With Quote
Old 03-08-2009, 06:43 AM   #19
Recycles dryer sheets
 
Join Date: Apr 2004
Posts: 105
The government appears to be more interested in using the financial mess to implement their social agenda instead of concentrating on the issues.
__________________
bobbee25 is offline   Reply With Quote
Old 03-08-2009, 10:23 AM   #20
Recycles dryer sheets
 
Join Date: Jan 2008
Posts: 56
ERD:

I will agree with you that my comments belong in a Political thread so I will stop posting this type of commentary in this forum. Will stick to retire early topics going forward. But I have to comment on one thing you said:

"As I've mentioned in other threads, this is not opinion, if the plans instilled confidence, you would see it in the market. The market is a leading indicator."

Just remember that the Dow was at 14000 a while back. Was that a leading indicator for the real economy? If that was not a false positive, I do not know what is. Don't you think that the market at 6500 could very well be a false negative?
__________________

__________________
lightwaves is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
CNBC Commentators increasingly negative. Is that bullish? lightwaves FIRE and Money 46 03-05-2009 12:05 PM
What's Bob Brinker the DMT Saying these Days? megacorp-firee FIRE and Money 3 03-27-2008 11:14 AM
Charlie Maxwell Yesterday's Bob Brinker Guest haha FIRE and Money 9 09-18-2006 06:17 PM

 

 
All times are GMT -6. The time now is 06:32 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.