Bob Brinker: Market Savant & Radio Host Message Board

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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host

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To: sea_biscuit who wrote (22087)	10/10/2005 4:11:37 PM
From: Kirk ©	Read Replies (1) of 42834

"Did Brinker do anything other than bash Fed Governor Fisher this past weekend?" I mostly watched football and only heard a few calls but a short summary was posted here suite101.com (It is pretty much a "basher forum" but the reviews are funny to read) that says he bashed Fisher, Greenspan and President Bush with some nutty theory that higher prices in oil is a deflationary while higher prices in anything else, including other commodities, is inflationary. Basic econ 101 says higher prices are due to higher demand which IS inflation... but I don't have a degree in radio broadcasting so he might know more than the economists who run the Federal Reserve. I've heard Bob Brinker still has one of his "buy the dips even if you are fully invested as I recommend" levels at 1180 for the S&P500. I was surprised he has not raised this to 1190 which we now have another day trading below. There was a near perfect gap fill in the futures last week that I think marked the low just above his 1180 level....which is why I liked 1190. I pretty much agree with him that this is probably a correction and I think under 1190 is a reasonable target to add if you are under allocated. Then again, I could be wrong. -g- Sentiment is throwing a big down spike suite101.com " Investors Intelligence Bulls 49.5% Bears 27.8% Correction 22.7%" and I think today's action should go a long way to giving us an even lower reading on Wednesday.... which is very positive.

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