General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsOk I understand insider trading in stock market
But
Why is it okay for so called stock market "analyst's" to fear monger and lie? Is it because they are not directly involved with the market?
Just heard one on fox promote loss of house to democrats could lead to a crash. My fave was her saying market has rallied every single day of trumps presidency
Roland99
(53,342 posts)ProfessorGAC
(65,168 posts)Every day rally? That's so dumb i can even laugh at the stupidity of it.
onenote
(42,759 posts)No, the market hasn't rallied every day. But its not down .78% YTD. It's up, both YTD and over 12 months:
Dow: YTD increase (Jan 2 - Nov. 1): 2.24% 12 mo. increase (Nov.2 2017 - Nov. 1, 2018): 7.9%
NASDAQ: YTD increase:6.1% 12 mo. increase 10.7%
S & P: YTD increase 1.67% 12 mo. increase 6.2%
The YTD increases in the Dow and S & P, through yesterday, were quite weak, but were gains, not losses. The NASDAQ, while down from its highs earlier in the year is still showing a healthy YTD and 12 mo increase.
ProfessorGAC
(65,168 posts)I had the chart on my phone set to to the middle of March. I thought i had it set for a year.
March 16 to the end of October it went down 0.78%
rampartc
(5,435 posts)People who think they are insiders.
The "economic reporters" like Stuart varney and Kramer are really just stock salesmen. Their job is to get their viewers to buy what their sponsors want to sell. (Or to tell people to sell what their sponsors want to buy.
Do you ever wonder how they know that "stocks fell slightly on the news that the Fed might raise interest rates" is any more than an opinion? Or a hope?
unblock
(52,317 posts)Analysis or predictions based on publicly available information has nothing to do with insider trading.
those who tout investments should disclose their own personal positions. Otherwise, they may be accused of manipulation. However, this relates to individual investments rather than the entire market. People are presumed to not have the power to manipulate the entire market.
Most tv shows have a disclaimer somewhere saying what they air are just opinions (of the individuals they air, not opinions of the broadcasting company) and you should consult your investment advisor.
BSdetect
(8,999 posts)Cramer is a known liar re his admission of spreading Apple rumors.
Remember when John Stewart grilled him? Worth a Youtube search.
My portfolio is up 38% compared to S&P at 17%.
Sherman A1
(38,958 posts)They offer nothing more than their opinions (just like most Cable infotainment channels) between ads for drugs we never knew we needed.
unblock
(52,317 posts)they offer explanations of what happened. some of that is guesswork or even b.s. (on the part of themselves and/or their sources on wall street), but they do offer some insights at least.
they're not always making predictions, but when they do, yeah, their track record is not at all good. i think it's been shown that you can reliably beat the market by doing the exact opposite of what they recommend on cnbc.
many people have no clue as to how to invest and have a craving to at least hear some opinions, even if they don't act on them.
unfortunately, many people do....
Sherman A1
(38,958 posts)have to agree to disagree. I have watched some of them in the past and find it to be nothing more than infotainment to fill air time between the drug ads.
still_one
(92,394 posts)if they are wrong
If you want good reporting on Wall Street, I highly recommend Bloomberg. Yes they will have analysts on there that spew BS, but they will present a diversity of sides. However, I would say the majorty of coverage on Bloomberg is news, either business or otherwise, and without a political agenda
As far as the analyst the OP referred to it is pure R/W propaganda. The market has never been in such a disarray since the economic implossion in 2000.
ProfessorGAC
(65,168 posts)Mostly because they don't have any idea what they're doing. If they did, they would be Warren Buffett and he'd be the one on TV hawking stocks they hope are good because some other dude that isn't Warren told them so.
still_one
(92,394 posts)ck4829
(35,091 posts)FakeNoose
(32,748 posts)They're all right-wing shills, despite their deceptive titles. They all use fear mongering to keep the sheep in line.
Just sayin'