Bob Brinker: Market Savant & Radio Host Message Board

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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host

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To: Gary M. Reed who wrote (1646)	10/10/1997 11:22:00 AM
From: Cynic 2005	of 42834

Gary, <<Re: PermaBear's latest statement: I have said it before and I will say it again. I do not understand how people who have been so dead-wrong for so long can manage to: 1.) Maintain their position as frequently-quoted media darlings; 2.) Keep their jobs--for instance, if I was a broker at OpCo, I'd be pretty pissed off that after I pitch stocks to clients, a representative of my company was appearing on national tv telling my clients 50 different reasons why NOT to buy stocks--and THEN be wrong in his predictions.>> There is no secret to this. All big brokerage houses have at least two high profile strategists who take exact opposite position on equities. When it is all said and done, the brokerage house declares victory whichever way the market goes. Unlike many people think, Michael Metz is NOT stupid. It is no surprise that an average investor who has the good fortune of making money in this manic bull market thinks of himself as a genius. It is easy to pick-on some one who is wrong. But remember one thing, when an extreme bear is right, it is not going to look pretty. -Mohan

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