Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: paulnewmanhero who wrote (41453)	12/21/2008 12:37:02 PM
From: Honey_Bee	1 Recommendation Read Replies (1) \| Respond to of 42834

paulnewmanhero asked: "Can you post your comments here? Thanks" Only for you. 8-) Here are some excerpts from my Moneytalk Summary that I posted last night at the link you will find in my profile under "personal information": Pamela asked: "So would you sell your bonds if you were me?" Bob Brinker said: "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 pre-refunded by earlier transactions by the state and backed by Treasuries. So in almost all cases, the California bonds that I own are actually backed by Treasuries and are not backed by the State of California....." [Honeybee EC: As my October 4th Summary quote clearly indicates, Brinker said he owned California bonds, but said NOTHING about them being backed by the Federal Treasury. I wrote: Brinker is adamant that California General Obligation Bonds are safe. He said he owns some of them."] Brinker continued: "......If you own bonds that are backed by the State of California, then you need to make a decision on whether you're comfortable with the fiscal situation in California. I would not argue with anybody in here that would say that we have seen gross fiscal irresponsibility in the State of California. Their refusal to slash spending in California is part of the reason that they are in the pickle that they are in." [Honeybee EC: This is a new and complete flip-flop for Bob Brinker. Never before, has he told a caller that selling California Bonds was their own decision and that he couldn't tell them what to do. He has never recommended selling them. The only cautionary word he has ever given was paraphrased in my October 18, 2008 Summary: "Brinker recommended that investors keep those holdings small enough that it would not be a “life-altering event" in case something goes wrong with them. Brinker has always said that "Arnie" was "good for California" -- even said that he got "ill" when he heard people "bashing Arnie."]