Ted,
With all due respect to Ms. Cohen she is wrong right now. The Dow still masks the true carnage in this market. If you own anything other than an S&P Index fund, you are down at least 30% from the highs. I see Ms. Cohen specifically, and most of your other experts in general touting "the financials" all the way down, 50% from their highs! It is going to take a 100% return on CCI, TRV, JPM, etc. to get back to those levels. It reminds me so much of all the experts touting the "drillers" last year until they were down 80%! Someone on your program needs to call them out on their horrible calls. I trade daily and enjoy your programming in general, but the horrible calls these people make are never called to task. I have no axe to grind specifically since I tend to close all positions at the end of the day, but I feel for the people who have been burned by following "the experts". Incidentally, I'll never forget Scott Blier from Prime Charter (CIO he must be important!) calling PTEK his single favoriate stock on your edge programming. It was in the 30's at the time, and subsequently proceeded to tank to single digits within a month, long before all the rest of the present carnage happened. He is still a regular guest on your programming, and nobody called him on a truly horrific recommendation. No, I didn't buy the stock, but I did follow it for a possible trade. Ted, in general I like your programming and most of your colleagues, I just wish accuracy and accountability were a higher priority.
John |
