Don't you guys feel frustrated with the "mainstream" professionals?
This is something that has been annoying lately, why there are so much BS analysts or guests on TV?
I mean the vast majority on this website are professionals in the finance field or at least are at an university and understand the basic of economics/finance so you know basically whats worth your time and whats isn't, but constantly I see on TV a huge amount of predictions supported by non sense theories or "experts" saying to long or short X stock (they actually have no clue what they're talking about imo) and normal people actually buy it. Jim Cramer talking about shorting TESLA before its IPO is a good example.
Another example is the "how to make a million dollar with day trading" courses, like I mean seriously? I was at this dinner party once and a friend of mine was talking about this course on daytrading that he bought and how it was going to bump his annual income, then afterwards he kept asking me multiple questions about the global economy or if the exchance rates were going up or down and my answer was simply: "dude, if I knew these questions, I would be in a yacht with multiple hotties". I guess I dissapointed him, but there was nothing much to be said.
Don't you guys get pissed off about this?
No. I don't watch TV.
to answer your question: no, it doesn't frustrate me, because I don't surround myself with that smut.
rather, I use it to get a pulse of excess in either direction (bullishness or bearishness), and take that into account when making decisions when it's at extreme levels. otherwise, it's just normal media bullshit. turn off CNBC, put it on MLB network, hall of fame announcements coming soon.
welcome to the world, bro.
if you don't get frustrated with anything "mainstream" you're likely an idiot and should be concerned
TV is slop ... the only show I've ever seen with interesting commentary on individual stock plays is Taking Stock with Pimm Fox on BB. I'm not sure if the show is still on but they occasionally had guests give well researched and defended ideas. Keep in mind, this show was not aimed at the same audience as Suze Orman.
I wish I could get away with Pimm's facial hair at work, it has a certain idgaf.
although the real reasons I watch bloomberg are stephanie ruhle and katia porzecanski. homina homina homina.
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