Joined: 16/Jan/2008
Location: India
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Posts: 1624
Posted: 26/Jun/2009 at 1:49pm
What these experts don't realize is markets are all about odds. We hardly see one of these guys talking about different scenarios that might pan out and then see whats the worst that might happen and whats the best that can happen and then take an intelligent call.
Its funny how they are so sure about whats going to happen.They all have great faith in their "expert" abilities but they don't really have any conviction about the economy/a stock.They don't stick to their calls,they are too afraid cos they are not sure.Like any layman,they too are just guessing.
Joined: 09/May/2008
Location: India
Online Status: Offline
Posts: 543
Posted: 26/Jun/2009 at 4:41pm
It would be naive to think that these people walk the talk. Someone who appears a bull on the Idiot box may be actually selling bigtime and vice-versa.
Kahete hain na "Dekhave par mat jao, apni akal lagao"
BTW an excellently written piece. Enjoyed reading it
Very well said sir. The mentioned MF chief (?) and the anchor are worst than a sucker trader. At 8k, he says he is having 20k crores of money and waiting to invest & at 15 k he says he wants to invest and launches one more NFO. One cant be more stupid than this. Nothing to mentioned about the anchor - he just another useless guy, playing with TV viewers' portfolio/money.
Poor investors and traders who are putting their money watching them.
Joined: 13/Nov/2008
Location: India
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Posts: 25
Posted: 26/Jun/2009 at 5:42pm
I totally agree with chimak. Infact i had been following all of RJ's interviews in ant news channel or newspapers and i find most consistency in whatever he says. Rest all are like a leaf floating in the water, changing their direction along with the flow. All these people have formed a group, each one benefitting from other. The TV channel presents them as a demi god. I would never invest in the mentioned MF even if they promise me stars. I think its high time that we should come forward in exposing these self acclaimed gurus. People will gain much more if they follow this forum rather then listening to these bised people
Joined: 06/Feb/2009
Location: India
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Posts: 1868
Posted: 26/Jun/2009 at 6:12pm
Great article Basantji...eye opener for some!!
the fact is nobody can predict short term movements..but everyone will accept that there has always been interest to know short term and medium term movements..so one side there is demand and other side ever increasing competition in business media keeps them churning out something to retain eyeba*ls..but it definitely hurts who can't think much of their own and take decisions based on so called "calls" & "recos".. i have seen ppl making upto 25k/day based on these crappy recos. consistently. obviously they r day traders.. but the prob. is they can't even think of long term and so it serves them..we have ppl who keep listening to them and take trading decisions..
‘The market always does what it’s supposed to — BUT NEVER WHEN’.
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