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Pastimes : The Justa and Lars Honors Bob Brinker Investment Club Thread -- Ignore unavailable to you. Want to Upgrade?

To: marc ultra who wrote (5274)	6/23/2010 8:41:55 PM
From: Honey_Bee	3 Recommendations Read Replies (1) \| Respond to of 10065

My goodness, Marc. I had no idea you even existed, and now I find out that you know all about me -- or at least you think you do -- interesting and totally pathetic. Brinker did this same scummy thing to Maria Bartiromo once. I'm sure she doesn't know Brinker exists but he attacked her personally on Moneytalk. Here's some excerpts from the transcript: Bob Brinker said: "One of the most bizarre stories I have ever seen on all my years on Wallstreet........really this kind of thing has to stop. It really has to stop. I'm talking about the bizarre story early this week that involved a reporter for a financial channel, who shall remain nameless, reporting that she got the real scoop at a last Saturday's White House correspondent's dinner from Ben Bernanke-and that everybody else-they got it wrong. The Market got it wrong. The members of Congress on the Panel got it wrong. Everybody got it wrong. All the reporters covering the testimony got it wrong. The Bernanke testimony on Capital Hill, but she got it right. . Well, you know, I'm not buying it. I mean a reporter really should never think that it is all about her, in this case. I mean, frankly, she really needs to get over herself. Because this story is the most, one of the most bizarre I have ever seen. Which supposedly moved the Market one way, another day moved the Market another way. I just think it is so much HOCUS-POCUS. It's most unfortunate. And if you look at the testimony of Ben Bernanke, it could not possibly be more crystal clear-unlike the "Maestro," his predecessor, the "Maestro," who feasted on being OBTUSE, this new Fed Chairman, Ben Bernanke, talks with crystal clarity. . Let's take a look at his own words that supposedly were misunderstood. You tell me how you could misunderstood (sic) this. Here's a quote: 'The possibility, there's a possibility that if there's sufficient uncertainty, we may choose to pause simply to gain more information to learn better what the true risk, risks are and how the economy is actually evolving.' Well guess what? That is the TEXTBOOK book definition of what Federal Chairman, Ben Bernanke, has been saying since he took office recently, and that is talking about being data- dependent, which simply means as discussed in that direct quote from his testimony that we can gain more information, we can learn better and we can choose our course of action with reference to rates based on that learning process. That IS the essence of data- dependency. . Not only that-it goes beyond that. Ben Bernanke was stressing that any pause that would be taken by the Fed, with reference to these rate hikes, could turn out to be a temporary pause. Nothing could be more clear. In fact, frankly, I think it would be very, very smart of the Fed Chairman, after he does what I think he believes is a mandatory increase on May 10th-I think this is his mindset that he MUST raise it to 5% on May 10th. Well he does that, hopefully he will take a look at the data coming in and see how it evolves. I think that would be a very smart move on his part and if he does it, I applaud it. . But this NONSENSE that some reporter from some financial channel sat down at a White House correspondent's dinner last Saturday night and got the "real scoop" from the Fed Chairman, the scoop that you couldn't get, I couldn't get, none of us could get, members of Congress on the Panel-they couldn't get it, nobody could get it, but SHE could get it over a rubber chicken. GIVE ME A BREAK! GIVE ME A MAJOR BREAK! I found the story to be a PATHETIC waste of time. And like I say, SHE REALLY NEEDS TO GET OVER HERSELF FOR HER OWN GOOD, NOT TO MENTION ALL THE REST OF US." Honeybee here: Bernanke later verified that what Maria said about him was correct, and apologized. But Brinker never acknowledged this, neither did he ever apologize for his insulting, unfair and totally out-of-line personal attack on her--whatta guy... . .