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


To: Kirk © who wrote (41755)12/29/2008 11:17:06 AM
From: gronieel5 Recommendations  Read Replies (1) | Respond to of 42834
 
"...If Brinker had recommended selling his CA GO bonds last year when I sold mine... before the credit meltdown... he'd have gotten out near par and been able to invest in 5-yr CDs paying 5%..."

Ah yes Kirk, obviously Brinker should have been following your bond recommendations. Did you recommend to your subscriber that she sell her CA GO bonds and go out five years on a CD? Betcha didn't!

But you're right, I have no way of knowing what Brinker was thinking but just maybe he's still reeling from your past bond recommendations.

You've always railed against market timing...claiming nobody can do it and by God you proved that!

Maybe Brinker and other folks can remember when you attempted to short the bond market but instead shorted the long bond which rallied.

You totally blew that one but incredibly to this very day, you claim your timing was RIGHT!

No thanks, Kirk I think I will pass on your bond advice too!



To: Kirk © who wrote (41755)12/29/2008 2:07:52 PM
From: Midwest_Investor3 Recommendations  Read Replies (1) | Respond to of 42834
 
>>>If Brinker had recommended selling his CA GO bonds last year when I sold mine... before the credit meltdown... he'd have gotten out near par and been able to invest in 5-yr CDs paying 5%.

But CA GO and CD's are two entirely different things from a tax standpoint. In some cases, it's better to stay with the pre-refunded bonds. Some will have the safety of treasuries, with all the tax advantages of Munis.