Ms Godfrey did a good job today. There was a lot of discussion about how financially illiterate "our" children are from lack of education on the subject. She talked at length about the oil spill and the financial problems with Fannie Mae and Freddie Mac. She does not make predictions about the direction of the stock market, but basically sounded optimistic about an economic recovery.
[SUNDAY UPDATE: Brinker's Sunday fill-in host was Lynn Jimenez.]
Last weekend on Moneytalk, Bob Brinker had this to say about the economy and stock market:
.....I do not believe that the crisis in Greece is going to derail the United States economic recovery. And as a consequence of that belief, I do not believe that the crisis in Greece is going to produce a bear market in the United States. Bear markets are defined as losses in the major indexes, such as the S&P 500, in excess of 20% on a closing basis."
May 5, 2010, Marketimer, Brinker said: "We expect the S&P 500 Index to make additional progress into the upper-1200's to low-1300's range going forward."
Bob Brinker and his fill-in hosts have largely turned Moneytalk into political talk. My friend, "Fluffy Bunny" commented:
What has always amazed me about our Founding Fathers is the vast breadth and depth of their understanding of philosophy, business, Government and human nature. It was rather unique period of time when men who were aspiring to leadership were overall expected to well schooled in several disciplines.
Having the misfortune to have met several Congressmen, Senators and a couple of Presidents (before they became Presidents), I can truly say I am underwhelmed by so many of those who were elevated to such positions of power. Most are clearly intellectually inferior and it is shameful that they think they have the judgment or intellectual where withal to govern.
Take the current buffoon holding the Chief Executive position, a man of middling intellect at best, who merely mimics some of the speech patterns of men of thought. He clearly stood revealed for the intellectual lightwieght he is when he debated Alan Keyes for the U.S. Senate. Keyes, a truly brilliant, albeit eccentric, man dished out one of the most brutal intellectual beatings I ever have witnessed administered to Barack Obama.
It was a one sided battle of substance over rhetoric; too bad the voter of Illinois are collectively a bunch of idiots and elected this shiftless, substance-less, deceitful, dolt to a higher office.
Of course this type of commentary is what you get now that Da Brink has turned Money Talk into the ignorant political hack with a microphone radio program.
What really riles me is people tend to assume anyone discussing financial matters over the airwaves actually knows what they are speaking of so when they start with political commentary I believe it has undue influence.
the fluffy bunny
May 16, 2010 1:05 PM