Tuesday, October 3, 2017

Quote of the Day: Maintain a critical eye...

Highly respected trader and author Alexander Elder speaks to why investors should view media-spawned prognostications with a most critical eye:
Most private traders keep their opinions to themselves, but financial journalists, letter writers, and bloggers spew them forth like open hydrants. Some writers may be very bright, but the financial press as a whole has a poor record of market timing.
If you're tempted to group us with the spewers (this is a blog after all 😏), know that our expressions of opinion herein are not to garner retail attention, but simply to clue our clients and subscribers in on our assessment of the probabilities going forward.

4 comments:

  1. Has someone put you in that category?

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  2. Haha! Nope Carol. In that the quote referred to bloggers, and I'm quite active on this blog (again, however, on behalf of clients), I thought I'd offer up a defense against an imaginary critic...

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