May 1, 2010....Bob Brinker hosted Moneytalk today. Most of the program was devoted to the tragic Gulf Coast oil spill -- along with some repetitious political talk. The only comments Brinker made about the markets that you might be interested in are these:
Brinker said: "There's a lot of alarmist talk out there and sometimes, unfortunately, it's for a vested reason. Let me give you an example. Suppose you were forecasting a market decline. Well, if you were forecasting a market decline, you're probably pretty upset right now because the market has had a tremendous run in the past year. So you might come up and say, well you know, we're going to go bankrupt and everything is going to zero -- or something like that to keep your followers in line.....
....I would discount forecasts coming from two sources right now. I would discount forecasts coming from those predicting a stock market collapse right now because they've been wrong and they are trying to save face. And I would also discount such rhetoric coming from precious metals vendors because they need that to sell their stuff.....And I hear this stuff all the time and it's basically not credible in my point of view."
Brinker's Saturday guest speaker was Paul Ingrassia:
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A dear family member took this picture a couple of days ago nearby my home:
SteveT. sent this picture. Steve said: "I titled this one "Calm of the Wild". The animal is a wolf. Fear not he is a pampered model. I took it a photo workshop."
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