Wednesday, March 26

Stock Market Consultants

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I've come to the conclusion that the safest job in the world is stock market consultant. Take a look at CNBC TV18's Udayan's comments on moneycontrol.com. An excerpt:

The last two days have been constructive for markets around the world. But today, they seem paused. A pause in the Indian markets too, would be fine and well-deserved. The markets may rest a little bit after the bounceback in the last two days. The coming days seem interesting for the markets, but today they would be flattish.

After the big-big rally this is a morning of a pause, nothing wrong with it you can't run up 5-6% everyday. After the last couple of days, which have been extremely constructive for almost all global markets including ours, most markets have just paused for the day. The US was flat, Asia is largely flattish this morning, so may be we need to rest little bit as well after the pull back of yesterday.

One day away from settlement that's the call we need to take whether we can move up a little bit more or we need to take a day off and consolidate some of the gains posted in the last two days.

I challenge you to find one statement in this that you can meaningfully use. Admittedly, this section is called 'Market commentary', but it is just gas, is it not? Nothing concrete, no insight, no analysis. Bullshitting at its glorious, polished best.

They talk about what is happening, what has happened and what should happen. But for all their jargon-infested mumbo-jumbo, they are just as clueless about what is going to happen. So stop wasting your time watching and reading these 'analysts', unless they give you some concrete information, and that too should be taken with a pinch of salt, because if they knew exactly what was going to happen, they wouldn't need to make money by selling their 'advice' to you in the first place!

5 comments:

  1. Hehe, that was funny.
    I was never into stock markets, started following just recently. And more and more I read editorials or listen to experts on TV, more and more I realize what crap they are talking about.

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  2. You cant blame them - very little sense is left in the way the markets are behaving these days, and these guys have to at least act as if they understand more than us!

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  3. Hehe, acting is a job that certainly do well, maybe they should swap with our actors, they seem to make more money and can't act as well!

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  4. You cant blame them - very little sense is left in the way the markets are behaving these days, and these guys have to at least act as if they understand more than us!

    ReplyDelete
  5. Hehe, that was funny.
    I was never into stock markets, started following just recently. And more and more I read editorials or listen to experts on TV, more and more I realize what crap they are talking about.

    ReplyDelete