Media Guru Market Direction Strategists

I’m amused by media gurus who are paid millions each year by their financial institutions to prognosticate market direction, and the media who love to pick up and hype the chatter.

Does it really matter to the average investor, for example, if stocks “are in” for the near future, while bonds “are out”? The gurus are not too accurate anyway.

It does for traders but never for investors who know the poor odds they have when trading stocks or bonds and know the principles of duration when holding bonds.(See the Earl J Weinreb NewsHole® comments.)