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Sunday, November 28, 2010

November 28, 2010 Bob Brinker's Moneytalk: Lynn Jimenez Fill-in Host

November 28, 2010....Bob Brinker took this Thanksgiving Sunday off. Brinker's fill-in host was Lynn Jimenez. Ms. Jimenez is an excellent business reporter for KGO810 radio.

Sorry friends, I have better things to do than listen to Lynn Jimenez, but comments about her program are certainly welcome. :)

Here is a quick review Bob Brinker's current financial market views:

~ Brinker sez the stock market is in a cyclical bull within a secular bear -- his current target range is S&P 500 Index 1300 to 1350.
Please note: Not only is Brinker's current S&P target range about 7% below his January, 2008 mid-1400's buy signal, it is THREE HUNDRED points below his project S&P target range of late 2007!

November, 2007 Marketimer (S&P at 1549.38), Bob Brinker wrote:
"Investors are increasingly looking forward to 2008 earnings prospects. Our current estimate for 2008 S&P operating earnings is $99.00. Based on this outlook, the index is currently valued at 15.6 times forward earnings. Using our estimated P/E range of 16 to 17 times operating earnings, the S&P 500 Index should rise at least into the mid-1600's range next year, in our view."
~ Brinker recommends that all stock market money be fully invested. (as his model portfolios have been since March, 2003).

~ Brinker recommends dollar-cost-averaging approach for new stock market money.

Brinker recommends staying short-term with bond funds. Nov 14th, Brinker said: "You want to keep the maturities toward the shorter end.....This is not a time when one should be looking to extend their durations and maturities."

~ Brinker recommends establishing a mental stop for Ginnie Mae Funds at a price where you want to sell when the net-asset-value begins dropping. He believes this offers psychologically protection from fear of catastrophic losses.

~ Brinker recommends silver as an alternative to gold hedge. Nov. 7th, Brinker said: "As far as silver is concerned, I think it could be considered as an alternative form of hedging in a portfolio......The preferred way for those who wish to have a silver hedge in their portfolio would be the Exchange Traded Fund that holds the silver bullion -- that trades under the symbol SLV.....the Ishares Silver Trust."

Brinker likes the Vanguard High-Yield Bond Fund (VWEHX) and includes it in his Marketimer fixed income portfolio. Nov. 7th, caller Carl told Brinker that he was using Vanguard's High Yield Bond fund for part of his grand-child's college fund. Brinker replied: "I think you will see that it's done quite well. The yields have been excellent on that fund, and the net-asset-value is doing fine. Last time I checked it was like $5.83. I think that you'll be find that you'll be very happy when you look at the numbers."

November 2, 2010 Marketimer, Page 3, Paragraph 2, Bob Brinker wrote: "Based on the excellent corporate earnings progress we are seeing and our estimate of real GDP growth in the 2% to 2.5% range next year, we are increasing our S&P 500 Operating earnings estimates to $78 in 2010 and $87 in 2011."

Ms. Jimenez' book is bi-lingual. Here are some comments about it from

"Whether you speak English or Spanish, you need to speak the "language of Money." ¿Se Habla Dinero? is a family guide in both languages to help you overcome your fears and to answer your questions about money, banking, budgeting, and borrowing. Use it as a quick reference as you join the millions of Latinos climbing the ladder to financial success.

"¿Se Habla Dinero? is written for the average Latino family that is struggling to meet daily needs while planning for the future.? Lynn Jimenez provides a comprehensive and commonsense, easy-to-follow road map for managing your money and achieving your family's financial goals.""

Moneytalk is totally free and available On Demand at KGO810 radio for seven days after broadcast. Moneytalk has been canceled on all Saturdays. The Sunday program is archived in the 1-4pm time-slots. To download and listen later, right click on each hour that you want and use "Save Link as." KGO: Download Moneytalk

Dixiegeezer's reminder of spring:


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