Clowns and their trade recommendations
The world if full of clowns providing trade or investing recommendations. And it’s pretty easy for these imbeciles to come up with an argument on why you should buy or sell fairly easy and quickly. There is a wide ranging set of “indicators”, “signals” and “data” to pull out of a bottomless rabbit hat. The stock pushers and pullers are like scientists that can do an experiment on the same thing 10 different ways and only report the results that support their theory. It’s even more ridiculous when you know that the experimental results that they gather are mostly random noise. Here are some example of what I mean just by taking a 5 minute look on seekingalpha.com, which is filled with so much garbage that a putrid stench fills my room when I launch it.
“The death cross (a technical analysis indicator) is here so markets are going to tank”
“The VIX is approaching a 12 month low and so it is time to sell”
“Uncertainty in Europe means it is time to sell”
“We are reaching a support level where there are a lot of buyers”
“Stock XZY is overvalued because it cannot sustain this growth”
What I’m amazed by is how these schmoes take one or a few “indicators”, “signals”, or “data” to backup their buy or sell recommendation and think that that makes it valid. This super complex financial market which no one can really predict the direction of is somehow handled by a few indicators and data sets. What really cracks me up about seekingalpha.com is the last line on almost all articles which look like this:
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
That should tell you basically everything you need to know. The guy making the recommendation through the 8 pages of his vomit garbage post has no positions (aka balls, aka experience, aka brains, aka cold hard cash) in what he’s laid out??! If you’re really going to read seekingalpha, just scroll to the bottom and see what positions they have on, because in the end, that’s all that really matters. I can tell you to go invest in goats because that’s the next big meat and its going to make you 1000% return, but if I’ve personally got nothing invested, that kind of a recommendation is utterly useless.


