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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?

To: sea_biscuit who wrote (22087)	10/10/2005 4:11:37 PM
From: Kirk ©	Read Replies (1) \| Respond to 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.

To: sea_biscuit who wrote (22087)	10/11/2005 1:23:41 AM
From: Kirk ©	Respond to of 42834

Bob should have Lakshman and Anirvan on his show to talk about the ECRI and their latest book that helps explain their indicators. I've spoken with them on many occasions and worked with them for many years. I'd say they and Ed Hyman are at the top of the heap for economists who can predict what is going to happen ahead of time. I believe the Federal Reserve is one of their many institutional clients. Author: Kirk Discussion: ECRI Leading Indicator Forecast 2,000+ suite101.com Date: October 10, 2005 10:17 PM Subject: U.S. FIG at Five Year High . Note the date... probably why Fisher was worried about inflation. U.S. FIG at Five Year High 10/07/2005 NEW YORK, Oct 7 (Reuters) - U.S. inflation pressures climbed in September to their highest in over five years, according to a report on Friday that suggested the Federal Reserve was right to remain vigilant over price increases. The Economic Cycle Research Institute said its Future Inflation Gauge rose to 122.7 last month, its highest since June 2000, the tail end of the late 1990s economic boom. August's reading was revised down to 120.7. Over the past few weeks, Fed officials have gone out of their way to remind investors and consumers that they must continue to raise interest rates to ward off inflation. The survey's annualized growth rate, which smoothes out month-to-month variance, jumped to 6.6 percent from 3.7 percent. "If the Fed continues to approach policy as an exercise in managing risks, the clear danger remains inflation and not recession," said Lakshman Achuthan, managing director at ECRI, an independent research group. Bookmark my new page: World Market Graphs & Country Information Kirk Lindstrom ====> Click for a Free Sample of my Newsletter Editor: Investing and Personal Finance @ Suite101.com