This thread will highlight ridiculous opinions from pundits in the financial world. The first…
A Morgan Stanley guru issued a buy on the US market this Monday march 18. He has been bearish since early 2010, when he joined the firm. Thus missing a huge rally.
Since the 2009 low, the market is up 133%. Now, the pundit is bullish because the economy is picking up. I guess he is not familiar with the market being forward looking.
Re: Ridiculous financial "experts"
Yesterdays WSJ had this article about what investors should do now. Market has been going up. So bullishness has been "working". Investors have been "right" so far. High yield bonds - has been rising in price. Yield at historic lows. But it has been "working". So investors hesitant to abandon a strategy that has been "working".
And there are some "strategists" that say market could go from 1570 to 1600. What? A gain of a graand totaal of 1.9%!
Today cnbc a pundit touts, market up 8% in Jan. Anytime mkt up this much in Jan it is up for the year. Thanks a lot for meaningless information.
Re: Ridiculous financial "experts"
The pundits have to be commended for impeccable timing. The market off about 2% from 1570.
Re: Ridiculous financial "experts"
Sat Apr 27 wsj.
Mark hulbert who is editor of financial digest unfortunately writes a sat column in wsj. He states picking mutual funds based on short term performance beats conventional wisdom of picking funds with good long term record.
Pick funds with good short term record and dump funds with poor short term record he says. Short term - 1, 3, 6 and 12 months. Shorter the term more successful the strategy.
In other words, dump funds with pooresr 1 month record and pick funds with best 1 month record! How insane is that? Every month or every 3-6 months you keep changing funds?
He States costs not that important. He then provides several caveats.
Keep it simple, stupid.