Comments (44)

Oct 24, 2010

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...

Oct 24, 2010

Over the course of putting the Playboy article together I found out that ZeroHedge is advising Chuck Schumer's office in some capacity. While I question some of their conclusions, you can't deny that ZH throws up some solid research.

Oct 24, 2010

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.

Oct 24, 2010
Lloyd Christmas:

notoriously gloomy critic of the Fed as of late. .

you mean fond of reality?

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Oct 24, 2010
Midas Mulligan Magoo:
Lloyd Christmas:

notoriously gloomy critic of the Fed as of late. .

you mean fond of reality?

In my book, they're one and the same at this point.

Oct 24, 2010

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.

Oct 24, 2010
CaptK:

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.

Right place at the right time.

Oct 24, 2010
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.

Oct 24, 2010

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...

Oct 24, 2010

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.

Oct 24, 2010

They have good charts, and some stories are inspiring (especially the guest posts).

Oct 24, 2010

Good blog, read it fairly often. Like the one minute macro update from Brian Yelvington every morning. I guess I really like the articles he posts from around the web. MadHedgeFundTrader is a huge dooshe and the biggest name dropper known to man, that guy is pretty much turrible.

Oct 24, 2010

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.

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Oct 24, 2010

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!

Oct 24, 2010

I do and I'm glad that they have a very realistic take on the economy.

Oct 24, 2010

I feel that thy are too negative, but overall his analysis is really good.

Reality hits you hard, bro...

Oct 24, 2010
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?

Oct 24, 2010

I do, it provides a different viewpoint on things...

Oct 24, 2010

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

Oct 24, 2010

I read it, however I think they are way to negative.

"I wanna Thank the Good Lord for Making me a Capitalist"

Oct 24, 2010

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.

Oct 24, 2010

^^^Seconded

Oct 24, 2010

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."

Oct 24, 2010

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.

Oct 24, 2010

bump for everything coming full circle

Oct 24, 2010

^ Lol

Oct 24, 2010

zerohedge is awsome

Oct 24, 2010

I'm inclined to agree. Intra-day comments on the rates/credit/funding markets tend to be interesting [the guy believed to be TD is a former credit analyst], but some of the third party posters are fairly poor IMO. It is a decent source of sellside research however, for those who don't have access.

Oct 24, 2010

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).

Oct 24, 2010

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.

Oct 24, 2010

YOURE ALL WRONG, GOLD IS GOING 10,000/OZ AND TO HEDGE MYSELF IVE BOUGHT CANNED GOODS AND SILVER AND BURIED THEM IN THE GROUND!111!1

Oct 24, 2010

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.

Oct 24, 2010

London George: What would you consider to be a well written unbiased finance editorial?

Oct 24, 2010

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.

    • 1
Oct 24, 2010

thanks George, good finds. +SB!

Oct 24, 2010

Blogs that i read regularly:

financial times alphaville
big picture
seeking alpha
abnormal returns (just a link to articles and blogs, but it does an awesome job of linking to good reads spanning across trading, economics, business strategy, stocks, etc.)

Oct 24, 2010

thanks george, will check into martin wolf.

Oct 24, 2010
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Oct 24, 2010