Bob Brinker, Moneytalk and Marketimer Message Board

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Strategies & Market Trends : Bob Brinker, Moneytalk and Marketimer

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To: davidk555 who wrote (1938)	1/19/2008 4:24:50 PM
From: sea_biscuit	Read Replies (2) of 2121

EC: Wow. Bob is usually much more obtuse in his views, but today his forthrightness I think reflects just how strong his conviction is that the bull market is going to continue. LOL! I now hear him blaming Bernanke, banks, mortgage brokers and who knows who else, for his own wrong predictions. Brinker is saying that Bernanke has not lowered rates fast enough because the Fed wants to fight inflation. That is a wierd way to fight inflation - by lowering rates! Another asinine comment is that oil prices have gone up only because of supply and demand. Most of the price increase is in fact due to the debasement of the dollar. Oil prices have gone up a lot less in Euros and even less in terms of gold. And if Bernanke had done what Brinker thought he should have done - i.e. cut rates faster, the dollar would have tanked more and oil would have gone up some more. That is what happens when one believes when there is no inflation and believes that the phony earnings of the market are indeed real (45% of the S&P 500 earnings were from the financial companies that Brinker is now criticizing).

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