BUY, BUY, BUY..............ALWAYS HOPEFUL AND OPTIMISTIC AND ALWAYS CLUELESSS.

Four Bloomberg headlines that explain just how clueless the advice givers are.

 

There is an important lesson here.

• May 23, 2011: Biggs Buying as S&P 500 Profit Forecasts Rise Most in a Year

• May 24, 2011:  Biggs Says Stock Bears Wrong Even as Economy Slows

• Aug 3, 2011: Birinyi, Biggs Advise Holding Stocks After S&P 500's Decline

• Aug 18, 2011: Biggs Says S&P May Be Bottoming, Priced for 15% Profit Drop

Which of these buy calls should you follow? Might some of these calls be suffering from some sort bias?

At this point it is pretty obvious that people like this have an agenda and it does not include making you money.

If you are always telling people to buy-buy-buy, can anyone really follow your advice?

When your salary and business depend on people buying something, it is ALWAYS a good time to buy.

One would think people would have learned this by now.

It's distressing to hear how many longs – including so-called "value" professional portfolio managers – are hanging their hat on one year forward P/E, a deeply flawed measure. They have not learned anything from the dot com bubble and the RE bubble when analysts drastically cut their earnings estimates in the blink of an eye. Anyone who bases their investment thesis solely on the one-year forward P/E is asking for trouble.

There's a huge difference between entertainment and useful information, and even then you need wisdom and experience to profit from the information. Why would somebody work for peanuts if they really had profitable money making advice? 

Investors  must always remember the proper definition of Finance which is: the transfer of wealth from the average or middle class investor to those that are shrewd and or corrupt.

While the economic failure of globalization is already evident, its political failure is only just beginning. Civil unrest in Greece and rioting in England, for example, are only cracks on the surface of a much deeper and more complex problem. Since globalization is the agenda of the largest corporations in every country, leaders in Europe, the United Kingdom and the United States almost universally support it. In the face of growing global chaos, political, financial and business leaders do not appear to be contemplating a return to simpler, genuinely democratic, self regulating and sustainable economic and political structures. Nonetheless, the economic and political consequences of globalization will continue to escalate until efforts to force economies and political nation-states into an artificial global collective cease.

REMAINING INVESTED IN THE STOCK MARKET AT THIS POINT IS THE EQUIVALENT OF A CHARITABLE DONATION AND AN IQ TEST AT THE SAME TIME.