Anyone that has any comments about Jimenez program today, please feel free to send them. I did not listen closely enough to even comment on it.
It seemed to me that the main topic was how to get help with mortgage problems. If anyone has need for this information and missed the program, you can go to KGO810 [LINK] and download the programs for free for the next seven days.
Let's review Bob Brinker's latest stock market and economic views:
STOCK MARKET: Brinker believes that the stock market has been in a correction and that it will not correct more than 20%. In other words, he believes that the "cyclical bull market" within the "secular bear market" will continue and will reach new highs "down the road." [Of course, the new high he is shooting for is the April 2010 high of S&P 1217 -- certainly not the all-time-high in October, 2007 of S&P 1565.]
On July 11th, Brinker said (summary link): "Now if I'm correct that all we've been seeing here is a stock market correction in an ongoing cyclical bull market, we should see a lot of happy campers...... when the S&P 500 makes new recovery highs down the road. That would mean it would have to get above the April 23rd, 1217 closing level....."
ANOTHER NEW ALL-NEW-MONEY-IN SIGNAL: July 11th, Brinker said that he had issued another buy-signal in his newsletter on July 1st when the S&P was at 1030. He considers 1030 an "attractive for purchase" level, but recommends dollar-cost-average at higher levels.
HIGH YIELD BOND FUNDS: Last week (summary link), Brinker said that he likes the yields, but is very selective about the fund he recommends (he recommends Vanguard, of course).
MUNI-BONDS: Brinker advises extreme caution when buying them, especially in California.
ECONOMY "DOUBLE DIP RECESSION": Brinker said this on July 11, 2010 (summary link): "....Frankly, I don't see this double-dip recession that we're hearing so much about out there from certain quarters. Now I know that many are out there that just trying scare the wits out of you with their double-dip forecast, but I want to share with you that I just don't see it."
My daughter and son-in-law were out bike-riding this afternoon and took this picture of Almaden Reservoir in southern Santa Clara County. We've had slightly better than average rainfall in the San Jose - Santa Cruz area this past year.
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