by billb
6. November 2009 18:45
So we bring in supposed "experts". People who trade the markets every day, Nobel Laureates, economics professors, billionaires and more. These people come on the air as if what they say is any more or less valid than what you say or think with regard to the future. I'm not sure why these segments continue to air or the articles continue to be written. This is noise and nothing else. No one knows the next tick let alone what's going to happen next week, month, year. I've griped of it before and I'll probably bitch and complain about it again, this is nonsense and should be ignored. Reputable (if there is such a thing) outlets are the means of distribution. Your CNBC, Bloomberg, and Marketwatch blow this crap out as if it adds value. If you ever base any buy/sell decision on this, you're a fool. No exceptions.
OK, there, now I've taken my medication and will get back to my nightly reading and research.