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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Clam digger who wrote (14331)	8/17/2022 9:54:06 AM
From: Kirk ©	1 Recommendation Recommended By Lee Lichterman III Respond to of 26463

A test of the 50-dma from above after it kissed the 200 yesterday would be pretty healthy for this bull run. Let’s see what happens here looks like the not so great e-wavers are looking for higher… Have you heard of a single ETF or mutual fund run by an ewave expert that beats buy and hold for the last 10 years? There is an extremely successful business model of putting out so much "crap" or "research" or "charts with lines" all over the place that nobody can make heads or tails of it. The hope is you pay them to manage your money or call a hotline or subscribe to a timing letter. I figured this out by tracking Bob Brinker's Moneytalk back in the 1990s... he'd have all sorts of "buying opportunities" and calls from happy fans praising his work on the radio. My dad subscribed to his newsletter so I ran the numbers and found his portfolios underperformed buy and hold of index funds. It turns out he also advertised money management in case you could not figure out how to get better returns. He eventually sold the money management business for millions (20 something if I recall...) and retired and let his son of the same name take over most of the newsletter work, a great way to pass on value without paying taxes..... That technique is used everywhere including here on SI. It is easy to tell who does it, just look at who sells advice but doesn't offer measured performance for calls made in advance. .