Yes, jon, there's a cast of thousands out there.
...My market prognostications should be taken knowing that they are guess work, may be wrong, but hopefully food for thought.
--William A. Fleckenstein
If you look at Bill Fleckenstein's latest "Market Rap," you'll find very little with which to quarrel. You might even learn something if you hadn't been following, say, the meandering of gold and silver in global markets or the effects of recent Japanese monetary and fiscal policy. I did.
stocksite.com
Fleckenstein misleads nobody. His letter's called The Contrarian and his readers know what to expect. He's on record that it's "color commentary--what I would want to know if I was on the road and unable to see the day's events first-hand." In his words, "It's biased." That doesn't mean everything he'd like to know, just the minimum. And it doesn't mean everything you'd like to know. Like TheStreet.com's James Cramer, he doesn't purport to write news, he discusses fundamentals and writes opinion. If you want Net Nitty-Gritty or Rah Rah, you'll read people like Steve Harmon (from the buy-side) and Keith Benjamin (from the sell-side):
Harmon:
internetnews.com
and
Subject 25566
Benjamin:
internetstocks.com
You can be sure that Bill gets a blizzard of email related to his columns and media commentary. Because he's a money manager, we understand that he, like Cramer, can't generally answer in detail or respond to investment questions. (Actually, Cramer doesn't answer at all.) So post here; he'll read you along with the rest of us. Still, I'm confident Bill's grateful you took the trouble to write and that your points and encouragement are well taken. Great if you received a detailed response from Russ H., but know he and Bill have different roles.
Bill Fleckenstein is surely decisive and Russ is obviously convinced of his value on the board. That's decisive, too.
Who am I, you ask? Nobody, really. But like you, my money's on GNET. Food for thought...
BAM
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