Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
It seems like pretty much any time I go online in the Finance and Business website there are bold predictions sold as gospel by main stream media outlets that the stock or bond market is going to do something specific in 2015. They also tell me which individual stocks are going to go up or down. The articles are written with so much confidence and they are written in mainstream websites.
Here are examples of the type of article I am talking about:
It seems like pretty much any time I go online in the Finance and Business website there are bold predictions sold as gospel by main stream media outlets that the stock or bond market is going to do something specific in 2015.
Well, both the stock market and the bond market ARE going to do something specific in 2015. The problem, of course, is that no one knows for sure what that specific thing is going to be.
For example, Bob doesn't understand why the market is at record highs when in his mind we have a socialist Kenyan born sleeper terrorist as president. Bob then hears [EXPERT'S NAME] say the market is in a bubble and will crash soon, so he goes out and tells everyone and sells his stocks. The market continues up and he is embarrassed or too stubborn to admit he was wrong, which excuses the so-called expert's prediction.
there are bold predictions sold as gospel by main stream media outlets that the stock or bond market is going to do something specific in 2015.
Will you need the money this year (or within the next few)? If not, turn off the TV and invest regularly in a widely diversity portfolio. Investing is for the long term.
It's sometimes gamed by the creators of these 'research' articles, if not often. They usually have conflicts of interest or an established position in the stock. Some people say to do the opposite of Cramer, Goldman Sachs, Bank of America, and so on. It's probably best to ignore the articles.
For example, Bob doesn't understand why the market is at record highs when in his mind we have a socialist Kenyan born sleeper terrorist as president. Bob then hears [EXPERT'S NAME] say the market is in a bubble and will crash soon, so he goes out and tells everyone and sells his stocks. The market continues up and he is embarrassed or too stubborn to admit he was wrong, which excuses the so-called expert's prediction.
So true. Fox "News" profits greatly from President Obama and their stock has gone up mightily under his presidency whereas it floundered under President Bush. All the while they propagated the nonsense frightening people out of the market. Talk about doing the greatest disservice to your fellow compatriots possible.
Not only that. I find it incredibly hard to retrieve the old predictions that turned out to be completely wrong.
Very Orwellian, isn't it?
02-27-2015, 10:35 AM
i7pXFLbhE3gq
n/a posts
Quote:
Originally Posted by Loudmouth
These experts must be right the majority of the time or they would be taken off the Internet, right?
No.
The network or web site has no interest in whether or not the advice is good. Their only concern is whether or not posting or airing those predictions draws viewers and brings in ad revenue.
People have selective memories and don't like to admit they're wrong, which provides a bit of a buffer against the audience reacting negatively to poor advice.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
