Bob Brinker Update for October 20-21, 2007

BOB BRINKER FIX: This isn't a week I am doing an Interpretation of Moneytalk. I did listen to the programs, and there was no indication of any change in Bob's outlook. Specifically, the important points were as follows:

1. Bob noted that the stock market is showing resiliency in the face of record high oil prices, with the S&P 500 only off 4% from its record high.
2. Quality bonds are acting extremely well.
3. The inflation data continues to be good with the latest data from the CPI and core PCE showing benign inflation.
4. Bob expects the Fed to cut rates by 25 basis points at the October 30th
   meeting.
5. Bob expects the trend of the dollar to be gradually lower.

Excerpt by Kirk Lindstrom from "David Korn's Stock Market Commentary, Interpretation of Moneytalk (Bob Brinker Host), Financial Education, Helpful Links, Guest Editorials, and Special Alert E-Mail Service. Copyright David Korn, L.L.C. 2007"

Hulbert Stock Newsletter Sentiment Index October 2007

David Korn reports:

HSNSI: The readings from the Hulbert Stock Newsletter Sentiment Index (HSNSI), which reflects the average stock market exposure of a group of short-term market timing newsletters tracked by Hulbert Digest, stands at 40.3% as of Thursday night. That is about half of HSNSI's all-time record high of 79.7%, so that's not out of hand high. By comparison, the last time I reported on this number was in mid-August near the correction lows when this data point stood at a minus 11.3% which was a bullish sign. Mark Hulbert writes about the sentiment picture right now, and addresses the HSNSI, Investors Intelligence and the AAII surgey, concluding that an analysis of these three suggests that the market will be 2.5% higher in three months time. For those of you that are interested in tracking sentiment, this is a good article to read. Entitled, "Is glass half-full or half-empty" you can read it here:
http://tinyurl.com/ypk4s3

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Excerpt by Kirk Lindstrom from "David Korn's Stock Market Commentary, Interpretation of Moneytalk (Bob Brinker Host), Financial Education, Helpful Links, Guest Editorials, and Special Alert E-Mail Service. Copyright David Korn, L.L.C. 2007"