Truflette: Brinker, in his brief monologue at the top of the first
hour, stressed the the fact that while the blue chip indices had
suffered losses up to 1 1/2% this past week, the small caps,
as expressed through the Russell 2000 index and the Nasdaq
composite, were essentially even on the week.
Brinker cited his prior bearish comments regarding Coca-Cola (now
$62.75) which, indeed, has fallen about 10 dollars from its recent
high, and, whereas the Dow has lately risen from DJIA 7000 to 8000,
Coca-Cola remained under pressure.
Pursuant to Brinker's application of the greater fool theory to
Coca-Cola, said company has been the subject of discussion on this
thread. Indeed, post #699 from mid-June suggested put options on KO.
There were follow ups on this subject found at posts #717, #724,
#966 and elsewhere. The latter post expands upon the general issue
of the synthetic sweetener aspartame (Monsanto brand NutraSweet).
I am inclined to believe that aspartame will, in due course, become
a weighty albatross and litigational nightmare around the necks
of those myriad companies such as Coca-Cola, Pepsi-Cola, et
cetera which purvey this highly questionable additive.
Within the first hour, Brinker fielded a question regarding Intel.
The caller was seeking guidance about this stock's possible direction.
Brinker reminded the caller that he does not proffer individual stock
recommendations on the radio. Brinker repeated his prediction of
a blockbuster Christmas computer selling season and his previously
realized prophecy that Intel would breach new highs this year. The
caller asked Brinker whether the vaunted Christmas upsurge in
computer sales might already be factored in to the price of the
shares. Brinker once more cited Intel as an "excellent trading
stock." Parenthetically, the WSJ last week reported that cargo
ships now carrying Christmas merchandise to US shores are bulging
with product. Electronic cargo up 28% from prior summer shipping
season; clothing up 15%; toys up 7%. Apparently, the retailers are
betting on good Christmas sales.
FLASH: Brinker continues to support a fully invested position
in the market while mindful of J.P. Morgan's oft quoted
"fluctuations" with respect to stocks.
I hope this helps.
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