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

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To: Honey_Bee who wrote (41745)12/29/2008 9:16:59 AM
From: gronieel6 Recommendations  Read Replies (1) of 42834
 
"...Brinker left the woman-caller NO HOPE that her California GO's were the same as his. That's what matters..."

That is just NOT true at all hon. Don't you even read what you transcribe and post?

Brinker told Pamela that some of his bonds might be different than hers. Brinker didn't know which California GO bonds Pamela owned and accordingly Pamela's bonds may have very well been pre-refunded too.

Pamela could be holding pre-refunded bonds and not even be aware of it.

Many folks don't even understand pre-refunding and even some amateur newsletter hacks went scurrying around to find out what pre-refunding even MEANT!

Even then they got it WRONG and posted their erroneous nonsense all over the web showing their total lack of understanding and lack of basic economic knowledge.

BTW, here is what Brinker ACTUALLY said and as you can see he NEVER said that ALL his California bonds are pre-refunded nor did he EVER say those are the only CA bonds he would own.

Additionally, he told Pamela that some of his bonds MIGHT be different than hers...

Brinker: "That's a personal decision, Pamela. I really can't tell you what to do with your bonds. I have some California bonds, but in almost all cases my bonds might be different than your bonds and I'll tell you why. The bonds that I own have Treasuries behind them. In other words, they've been prerefunded by earlier transactions by the state and backed by Treasuries.'
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