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

To: Kirk © who wrote (41785)	12/29/2008 2:43:46 PM
From: Honey_Bee	1 Recommendation Respond to of 42834

Kirk, sometimes your genius almost gets by me. Speaking about Brinker's reply to Pamela about what she should do with her bonds, you said: "Why make up some silly reply that made it sound like he had DIFFERENT bonds than she was asking about? Who cares what he owned?" WOWEE-ZOWEE! That is a major point! How often when a caller asks a personal question about buying or selling something they own, does Brinker explain to them WHAT HE OWNS and how it is "different" from their holdings? I think this point might have already registered on some here -- probably Math and Groneer, but of course they would not want to point out another smarmy trick by The Quack. .

To: Kirk © who wrote (41785)	12/29/2008 5:33:47 PM
From: gronieel	5 Recommendations Read Replies (1) \| Respond to of 42834

"...BTW, since the state borrowed money at a lower rate to call the bonds on the call date, CA has SAFE CASH that it could use to pay the bond off immediately. Instead, CA invests the money in Treasuries until the call date so it can make some of the difference. I bet if it got a negative return, it might consider paying the money back immediately rather than escrow it...." Kirk it seems like every single time you post you show yet another facet of your ignorance. One would think you would be embarrassed rather than posting proof positive all around the web. So here we go again...even though CA has raised the cash to refund outstanding GOs, it CAN NOT just call those bonds any time it so desires. That's what call dates are for. Why don't you do a little research before you post your amateurish remarks? You will find that some pre-refunded CA bonds are offering a tax-equivalent yield of around 10% with the total safety of a US Government security. You would be doing your subscriber a service rather than cluttering up various sites with misinformation.

To: Kirk © who wrote (41785)	12/30/2008 1:50:34 PM
From: Midwest_Investor	3 Recommendations Read Replies (1) \| Respond to of 42834

Kirk Said: BTW, since the state borrowed money at a lower rate to call the bonds on the call date, CA has SAFE CASH that it could use to pay the bond off immediately. Instead, CA invests the money in Treasuries until the call date so it can make some of the difference. I bet if it got a negative return, it might consider paying the money back immediately rather than escrow it. Kirk, they can't "pay off" or call the bond until the call date has been reached.