Bob Brinker Fan Club
Bob Brinker Fan Club (home Page)

Excerpt from David K's Interpretation of Moneytalk (Bob Brinker Host) March 23, 2003 Newsletter MARKET NUMBERS AS OF FRIDAY, MARCH 21, 2003 Dow: 8,521.97 NASDAQ: 1,421.84 S&P 500: 895.90 10-Yr. Bond: 4.095% QQQ: $27.17 OPENING MONOLOGUE  Brinker Comment: Bob, the Valley Guy, started the broadcast off noting that the market action last week was "totally awesome."  Indeed, it was the greatest week of stock market gains for the Dow since 1982.  Stocks went up every day during the week.   Bob addressed three factors that he believes are contributing to the recent gains on Wall Street. First, Bob thinks that investors last week were responding to the collapse in the price of a barrel of oil.  Just two weeks ago, oil was almost $40 per barrel and the "bad news bears" were predicting that oil prices could go to $100 per barrel.  In the three words made famous by daBrink, "they were wrong!"  Today, oil prices are closer to $27 per barrel as prices collapsed in the wake of the developments over the past week.  The widely anticipated demolition of Iraqi oil wells did not occur, and instead an amazingly small number of wells have been set ablaze.  The drop in oil prices has been one of the major contributors to the buying frenzy on Wall Street.   Investors recognize that a drop in oil prices is the equivalent of a massive tax cut to the U.S. consumer who will now have more money to spend on other items, rather than devoting their income to energy costs. Bob then noted the recent positive action of the U.S. Dollar.  Bob patted himself on the back for pointing out a few weeks ago that the dollar had firmed up and was looking better after being in free-fall for so long. Over the last few weeks, the dollar has been gaining against the euro and the yen.  A strengthening dollar is another factor that has been contributing to the bullish behavior of U.S. stock market investors.  In response to a caller later in the weekend, Bob won the award for modestly calling himself the "voice in the wilderness" in his so-called "discussion" of the direction of the dollar.  Bob told the caller that he continues to believe the trend in the dollar will remain strong.
Finally, investors are encouraged by the Federal Reserve's stance on monetary policy.  The Federal Reserve is more accommodative than at any point in time during Bob's entire life.  This means easy money in terms of lower interest rates.   Likewise, the current fiscal policy is also beneficial to the stock market.  Our government is running a deficit in the $300-$400 billion range and this spending should have a simulative effect. Part 2 IF YOU MISSED THE BUY SIGNAL, WHAT SHOULD YOU DO NOW? Click to find out David's interpretation of what Bob said to do - David K  DISCLAIMER: This e-mail is neither sanctioned by, nor written under the auspices of ABC Radio Networks, Moneytalk or Bob Brinker. This e-mail is not a substitute for listening to Moneytalk, it is only my interpretation and commentary of some of what is discussed on Moneytalk, along with additional educational information that I include, editorial comments about the market and helpful financial links. If you want to know what was said verbatim on Moneytalk, listen to the show live or subscribe to "Moneytalk on Demand" which allows you to listen to the show in case you missed it live. The web site, bobbrinker.com has all the links to the ABC Radio Network stations that broadcast the show live. More Info: Bob Brinker Fan Club Mailing List. Click to get our FREE newsletter. Click for a free issue of Kirk’s newsletter Back to Bob Brinker Fan Club Home Page Money Talk, Moneytalk, Marketimer Newsletter, Market timer Newsletter Last Updated  10/15/07	Info FREE issue of Kirk’s newsletter   Brinker Portfolio Return Info Other Investment Gurus Other investment gurus to keep an eye on. Back to Bob Brinker Fan Club Home Page   Subscribe to Bob Brinkers Marketimer [Newsletter Subscription] Record Moneytalk yourself using your own computer and Replay Radio