Bob Brinker Data

[Davidk555]

I think the focus on Bob Brinker's recommendation of CA General Obligations stems from this week's downgrade of California's credit rating by Standard & Poor's to a worst-in-the-nation "BBB." This makes a lot of folks who own those GO's very nervous. Recall that Bob Brinker said that as an "A" rated credit, he would not be losing any sleep over them. But what about a BBB rating?

As for whether CA will recover, I think the odds favor it given that no state in modern history has defaulted on its debt, but in the meantime there are just a lot of nervous investors that need reassuring. At least that is what I gather from the numerous e-mails I received in the past few days on the issue.

- David Korn,

Editor of David Korn's Stock Market Commentary, Interpretation of Moneytalk (Bob Brinker Host), Financial Education, Helpful Links, Guest Editorials and Special Alert E-mail Service.

Website: http://www.BeginInvesting.com/