My own words?? ....I post on a forum....cnbc gives him airtime in front of millions, writes endless articles on his wallstreet opinions and a podium to talk his dribble at least a couple of times a month....
Ughhhh yea big difference
Gartman Makes "Watershed" Call: "Equity Markets Have Hit A Multi-Year Top"
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My own words?? ....I post on a forum....cnbc gives him airtime in front of millions, writes endless articles on his wallstreet opinions and a podium to talk his dribble at least a couple of times a month....
Ughhhh yea big difference
Yeah they're basically an entrepreneur looking to earn a stable salary versus being a speculator of the markets as their no.1 gig. But how is that different to all the people who provide 'lessons' or 'subscriber services' where they likely earn more on the subscriptions than they do from trading? How is that different to brokers or market makers and other middle men, or financial media, that basically leverage association to the financial sector, but earn money on the side outside of speculating in the markets themselves.
A lot of people "in the financial sector" earn money via other means than directly speculating in the market. Newsletter sellers, subscription/system sellers, brokers, data/software providers, financial media, financial related websites and services, etc. They're like the hotdog stands outside a carnival. It's not the main attraction but they're making money being close enough to it.
I've given up listening to any of these guys that make predictions.
If the market is near even at the close, they have two scripts. The Dow can be up 10 points on "renewed optimism behind positive earnings from XYZ". Minutes later it's down 10 points on "fears that inflation may be worse than expected". It's a contrived narrative.
The talking heads seem worse than 50-50 from what I've seen. Many of them are permanently in the bull or bear camp. I was walking by the TV last year when Bill Gross was coming on. My wife laughed as I accurately predicted about 70% of what he was going to say - some of it verbatim. I can do the same for Abby Cohen and a host of others...and Cramer just yells everything - not sure why he needs a microphone. The only commentary I find of any value is the floor guys that talk about support/resistance levels relative to current numbers. I'm not a TA guy, but the fact that so many of them are - means that there will be real reactions around those levels.
If the market is near even at the close, they have two scripts. The Dow can be up 10 points on "renewed optimism behind positive earnings from XYZ". Minutes later it's down 10 points on "fears that inflation may be worse than expected". It's a contrived narrative.
The talking heads seem worse than 50-50 from what I've seen. Many of them are permanently in the bull or bear camp. I was walking by the TV last year when Bill Gross was coming on. My wife laughed as I accurately predicted about 70% of what he was going to say - some of it verbatim. I can do the same for Abby Cohen and a host of others...and Cramer just yells everything - not sure why he needs a microphone. The only commentary I find of any value is the floor guys that talk about support/resistance levels relative to current numbers. I'm not a TA guy, but the fact that so many of them are - means that there will be real reactions around those levels.
He's a tool alright.Thanks to Gartman, my interest is equities is renewed. I use him as a reverse market-timing tool.
Yep, exactly. Although I don't know why you put market makers in that segment, since they are trading, not really providing a service... well they provide a liquid market, but they take on the full risk...
Yeah maybe you're right. They do participate in the market but I guess my point was they don't play directional market speculation, except perhaps in their personal accounts. They try to remain delta neutral and earn off the spread during functioning markets.