Who visits Zero Hedge?

Does any one visit zero hedge? What is your opinion about the website? Is it more of a far right website? Been reading some of the posts there and seem solid, but a little far to the right :/ . Opinion please !!!!!!!!

Oh, and just to add

WSO 4 life

 

I visit daily, but for real i find ZeroHedge to be far too pessimistic, while I do not think that the way we are spending money and running the economy is correct, if they are right all major currencies will collapse, all financial instruments will fail (even those backed by commodities because they are oversold), and we will have an all out war/nuclear holocaust. I am more of an optimist

Reality hits you hard, bro...
 

That website sucks, way too pessimistic, attention whores, nothin more. Very similiar to newsletters like Ramsey King or Dennis Gartman. At first you like them and you feel smart, you feel like you now know the truth. Then after a while you see that if you were to listen to them, you would never make money in the markets and would have missed many profitable rallies.

If you want to learn something, read marketfolly.com, where they discuss daily what hedge funds are doing and, most importantly, why they are doing it. Now that's a cool website.

Leave zerohedge to the angry republicans who have nothing better to do than read a website and then use the same exact sentences and repeat them to their buddies just to state their case.

 

Zero Hedge rose to prominence in 2008, when they absolutely killed it with their coverage of the financial crisis. Tons of insider, spot on stuff that other outlets weren't reporting.

However, I think they've lost their way as of late. In a bid to remain relevant after the crisis passed, I think they've resorted to a bit of a chicken little type approach to the world - continuously and onesidedly bearish and fond of conspiracy theories. I still read it occasionally, but it's not as awesome as it was in 2008.

- Capt K - "Prestige is like a powerful magnet that warps even your beliefs about what you enjoy. If you want to make ambitious people waste their time on errands, bait the hook with prestige." - Paul Graham
 
Lloyd Christmas:
When Benanke pulls the QE2 rug out from under our feet and maybe raises interest rates, I see things heading south.

So my question is: What's the consensus take on ZH? One of the few commentators who understands the current problems of the market or just a paranoid doomsday wisher?

.

ZH is definitely a good source for what is really going on behind the scenes, which mainstream media dismisses. You have to be careful though when reading ZH, not to take it too much to heart due to their hardcore negative bias. The best thing to do, like always, is conduct your own research, while trying to avoid frontrunning someone else's book.

 

Like any news source or blog, you definitely have to read ZH to form your own opinions. Being mainly contrarian and pessimistic, I like a lot of their stuff, but some of it is too absurd and sadly discredits it at times. I'll still skim it every day though.

For example, they were calling BP going bankrupt on conspiracy stories when it was trading in the low $30s. At the same time, if you did any hw and looked at it objectively, you would realize the chances of this were almost zero and it was trading far below its earnings power value. You have to take everything with a grain of salt...

 

I added ZH to my blog role recently (as the guys I'm currently interning with are fans) and deleted it in less than a month – as some mentioned they are too anti-fed for me and sympathetic toward conspiracy theories. And I got this from just skimming the articles, so I can imagine that it gets pretty deep if you read them in depth. If you like Ron Paul, and other anti-fed people (not a knock), you might like this blog, otherwise, it might irritate you.

fdba Emory Blaine and BBA or otherwise trying to find the perfect pseudonym.
 

I love the fact filled stuff and the historical data. Some of the guest posts are good from time to time, but the number one way to lose 20 points from your IQ is to read the comments. Something has changed recently though, and I have not been reading it as much.

 

I read it, but like with everything like that type of site you need to take it with a grain of salt. He's very often calling doom and gloom, though honestly I wouldn't be surprised if equities see a pull back... then again I could see the opposite too, who knows!

Jack: They’re all former investment bankers who were laid off from that economic crisis that Nancy Pelosi caused. They have zero real world skills, but God they work hard. -30 Rock
 
MMBinNC:
I feel that thy are too negative, but overall his analysis is really good.

Agreed. In some ways its why I like it, because most of the stuff I read is generally pretty optimistic or at least neutral. Gives you the other side of the coin, you know?

Jack: They’re all former investment bankers who were laid off from that economic crisis that Nancy Pelosi caused. They have zero real world skills, but God they work hard. -30 Rock
 

Just like you shouldn't fully trust the mass media websites where all news is good news without thinking about it yourself and forming an opinion, you shouldn't take ZH's positions as fact just by themselves. They do make some good points, but it's just another tool

 

I read it. I recognize that they are overly pessimistic, however most bankers are overly optimistic. It's a nice balance, I suppose.

I like their economic analysis. I don't like their obsessing over GS; or their approval of Taibbi for that matter.

 

Huge ZH fan, but I can't believe everything there.."take it with a grain of salt."

Eye opening though for the kiddies.

"Salesmen and traders are wild, cunning, aboriginal creatures who advise money managers about deceiving their bosses and finding new strip bars; their favourite phrase is, "Fuck you." IBankers eat fruit. Salesmen and traders eat meat, preferably fried."
 

It's definitely a tin-foil hat crowd, but a smart one. For a more balanced, but still realistic assessment of economic themes I suggest you subscribe to John Mauldin's newsletter. His stuff is excellent and while he kind if flies under the radar, his fan base is the upper echelon of Asset Management and econ professionals, worldwide. It's free to sign up.

 

I'm a big fan. I also agree with both of your assessments (the conspiracy-orientation is a plus for me- a good diversification from the rest of finance journalism)

I'm interested in your opinion on which posts you found to be particularly conspiratorial/unbalanced?

Also, I think even Tyler Durden (TD) is more than one person- the quality does vary even in his posts. There was a NYT article of one poster being an ex-trader banned from the industry for insider trading. I'd actually like to hear market opinions from people like that (specifically if it was insider information for macro products).

 

I actually really like ZH. Some of the commenters are actually really good and really know their stuff, but for the most part I don't bother reading them because most guys are all "doom and gloom-ers". They do provide a lot of good info on the site though. That's the main reason I am on there. Actually, I mainly follow their twitter feed for updates and link to articles from there. All sites have some type of slant to them, and they just happen to be ultra bearish.

"It is hard to fail, but it is worse never to have tried to succeed." Theodore Roosevelt
 

I think that the ones actually written by TD are fairly clear as to which they are. I do agree he goes overboard on the conspiracy theory / HFT business. There have been several times when he's going fairly wild over an alleged algo-conspiracy, and it's well known that it has been a fat finger, etc.

 

I enjoy most of the blogs on the FT - particularly Martin Wolf's and in the past Willem Buiter's-, the articles on Euro Intelligence, certain of those found on Project Syndicate, (previously) Lombard Street Research's blog- although it seems to have been discontinued- and, from time to time, Robert Peston's business blog on the Beeb.

They're all well-researched and relatively balanced, although (un)fortunately (?!) a little more scholarly in tone.

 

Dolor et aperiam neque quia. Rem consectetur molestias aut natus et omnis. Voluptatem eius ut excepturi consequuntur maxime rerum non.

Facilis dolor ex temporibus veritatis eaque. Error sequi eligendi qui reprehenderit. Et animi sunt ex excepturi consequatur aut autem libero. Ipsam quo praesentium exercitationem aut optio deleniti explicabo autem. Asperiores deserunt tempore minus unde iusto totam quas.

Magnam maiores harum inventore consequuntur voluptas voluptas est in. Et et voluptatem ea consectetur. Sit qui est maiores sit. Ab sed et ut itaque perspiciatis. Ratione odio error aliquam ullam et ut eaque sit.

"History doesn't repeat itself, but it does rhyme."
 

Quia magnam autem recusandae quo. Sunt earum sequi dolorem et repellat quibusdam. Perferendis necessitatibus sunt maiores. Commodi et et expedita et. Veniam asperiores veritatis eligendi velit.

Deserunt officiis explicabo molestias. Cumque ducimus cupiditate nobis porro quo libero ut quis. Mollitia porro odit sit beatae repellendus non molestiae.

Voluptas sint qui soluta aut. Odit fugiat sint quis.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
CompBanker's picture
CompBanker
98.9
6
GameTheory's picture
GameTheory
98.9
7
kanon's picture
kanon
98.9
8
dosk17's picture
dosk17
98.9
9
Linda Abraham's picture
Linda Abraham
98.8
10
DrApeman's picture
DrApeman
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”