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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?

To: Honey_Bee who wrote (23890)	8/19/2006 10:02:37 AM
From: shres	Read Replies (3) \| Respond to of 42834

It's a good think Bob Brinker recommends investing in the total stock market index rather than trying to pick individual stocks as some fools do. One of the bus driver's jobs is to come in over the weekend and post articles on as many threads as he can giving the false impression that there is actually some activity at 101. This week he posted an article about how amateur stock pickers are foolish and anybody who follows a stock picking newsletter is even more foolish. The article says... "Michael Oyster, a consultant with Fund Evaluation Group, a Cincinnati-based advisory firm to endowments, universities and other institutions, doesn't think outperformance can be achieved by picking individual stocks. Stocks, he argues, are generally priced efficiently, making it hard for even the smartest professionals to gain an informational edge over the rest of the market. And even when the markets and individual stocks become irrationally priced, as is bound to happen during times of bubbles and extreme pessimism, there's no guarantee that an investor will be on the winning side of a mispriced asset. Moreover, he thinks that the broader stock market will be a lousy investment in the next few years, and the reasons have nothing to do with the price of oil, terrorism, or a possible bird flu outbreak. Oyster is more concerned that markets are steering into a headwind of rising interest rates and a retiring baby boom that will pull money out of the markets." I wonder if the bus driver actually reads the stuff he posts. After all, he is a chartered subscriber to one of those phony, penny-ante, Internet stock picking newsletters.