Why You Should Never Listen To CNBC, Specifically The CNBC Fast Money Team, Don’t Take Their Stock Advice, Ever, Especially From Guy Adami, Timothy Seymour, & Joshua Brown.
The amount of BS spewed daily on CNBC is comical, it just flows from hour to hour and would be impossible to chronicle all of the bogus predictions, hypocritical statements, outright mistakes, and bullshit, no other word can properly represent these so called financial experts.
For example, just yesterday Jim Cramer is discussing the Sirius XM takeover bid by Liberty media and he has no idea how many shares of Liberty would the Sirius inverstors receive nor did he know anything about the proposal, real good journalism.
But if you followed CNBC the past few months and zeroed in on their advice and knowledge of Twitter TWTR, you would get a pretty good represpentation of why they don’t know anything, nobody knows anything really, in the absense of tangible news these pseudo stock wizards can’t tell you why a stock went up or down and if you follow them long enough you quickly see that their predictions fail at a minimum of 75 percent of the time.
But what is really scary is when you find out they are downgrading a stock because of their personal investments or shorting of said stock.
Take Twitter for example and the CNBC Fast money team, when Twitter was in the 40’s all of the team members aggressively stated the stock was heading down, they said it would definitely be in the low 30’s soon, what happens, it hit 38 for a few minutes and then proceeded to rise every day, from 38 to its peak of 74.
Of course as the stock started climbing on basically zero news, the host of the show asked Guy Adami about it, he said that yeah I believe it will go to 30 but before that happens it will be a little pop to around 49 or 50, he started taking bows as if he got the prediction correct, I don’t think he is still taking those bows. Then we move to Timothy Seymour who says he can’t explain the high 40’s rise and the stock is overvalued and it will be in the 30’s soon.
Now we get to the worst offender, Joshua Brown or Josh Brown, basically repeats the same thing as Seymour, ok, fine, now fast forward about a week, the stock is in the 50’s and rising, all three of these clowns reveal that they were shorting the stock but they did not state that the week before, these financial and stock experts were trying to use CNBC’s Fast Money show to profit from their personal investments, basic scum behavior.
But this is how bad it gets, example Joshua Brown, in one episode he contradicts himself multiple times, last week when asked if the Twitter valuation makes sense and do valuations matter anymore, now at $70 dollars a share suddenly it does, he states if that is the valuation then that is the correct valuation and further that valuations really don’t matter anymore. Are you following that, valuations don’t matter but Twitter’s valuation is correct, if investors are willing to pay 74 dollars a share then it it is worth 74 dollars a share. But when Twitter was 40 dollars a share Josh Brown was telling you it was overvalued and it was going to the low 30’s. Further he says a valuation only matters when a company gets good news and the stock goes down, are you still following, probably not because clearly Josh Brown is full of garbage.
But it gets better, a few minutes later he says his short share pick is Facebook FB, why, because the company is overvalued, suddenly valuations matter once again as Joshua Brown uses CNBC to profit and hope that investors dump Facebook while he shorts it. Funny that FB was about 54 when he stated this and now it is close to 58 but that does not matter, what matters is that these financial and stock experts that you see on CNBC and Fox Business are full of crap. Never listen to them.
Dennis Rodman Is Now Tokyo Rose, Spineless Former NBA Punk Provides Cover for Murder and Starvation, he is now Kim Jong-Un’s Propagandistic Bitch & Why Is Former Knicks Loser Charles Smith In North Korea.
Nothing else needs to be written.
Can anyone answer why the former Knicks loser Charles Smith (the man who cost the Knicks a trip to the 1993 NBA Finals, dunk the ball you loser) is acting as Dennis Rodman’s minister of information, these clowns look like they are assembled for a Public Enemy album cover. Charles Smith was considered one of the wimpiest players in the NBA and now he is serving as Kim Jong-Un’s Number 2 Bitch.
Forbes Mike Ozanian Clueless/Ignorant/Dumb NBA Article, Claims MSG Investors Want Carmelo Anthony To Leave the Knicks, Ozanian doesn’t Understand Money or Sports.
Not only does Mike Ozanian, a Forbes writer, not know anything about basketball, his investing sense is highly flawed as well:
Investors in the Madison Square Garden Company have a message for Anthony: Don’t let the door hit you on the way out.
Forget about the fact that 99 percent of business writers and business experts that appear on channels like CNBC have no clue why a particular stock rises or falls, just listen to any of them for a few days and you will see the hypocritical statements pile up, but this guy, Mike Ozanian, clearly is talking out of his a**.
His theory is that because the share price of MSG is down 5 percent since November 1st while the S&P 500 is up 5 percent, MSG investors are telling Carmelo Anthony they are glad he is leaving. But logical common sense would tell you that is signaling the exact opposite, investors are fleeing MSG stock because they know the team’s star attraction is leaving, not that they want him to leave, this all assumes Ozanian’s fantasy that investors know Anthony is leaving. Of course both reasons are not correct, nobody knows why the stock is down 5 percent, all you can look at is past history and future projections and both point to a Knicks team not making the playoffs and that is the time that MSG makes a ton of money.
But Mr. Ozanian further reveals his ignorance in a comment he left on the site in response to another commenter:
Ozanian, “I don’t think players opt out unless they would consider leaving their current team. And to say you would opt out prior to the start of a season in which you you are suppose to lead your team to title contention is not the mark of a leader. Instead, you realize that extra cap space could be used to bring in a missing piece for a championship. Bad start? Maybe. But how has Anthony helped to straighten out the ship? So in reality this is probably only the second worst article you have read.”
Almost every NBA player opts out in similar circumstances, why, because if Carmelo Anthony does not opt out and he has a career ending injury, that’s it, he would be finished, no chance to earn another 4 year contract. It does not mean he is considering leaving the team.
Also this Ozanian writer does not understand the salary cap and he bills himself as an expert on the intersection of sports and money (business). If Carmelo Anthony were not to opt out and play in his final contract year, that money counts against the cap, the 23.5 million that Anthony would make counts against the salary cap, further even if you subtracted that salary in Ozanian’s fantasy world, the Knicks would still be over the cap.
Update: Mike Ozanian can’t address his money and sports mistakes, instead all he offers are junior high school like sarcastic replies in addressing an internet commenter citing this blog post, the question remains is Mike Ozanian that stupid or does he have an agenda:
Commenter 1: Mr. Bourne,
Very cogent remarks, I direct all to http://www.MikeFrancesa.com/wordpress I think that blog correctly display’s Mr. Ozanian’s ignorance when it comes to sports and money.
If investors know that Anthony is leaving and they are leaving the stock because of that knowledge, they are voicing their displeasure at MSG management, they are not cheering the move, this is Finance 101, if they were happy with the move they would be buying MSG stock, not selling it.
This kind of shoddy financial reporting displays what is wrong with business reporting. The truth is nobody knows why a stock goes up or down, however the only thing an investor has knowledge of is past performance and future projections, MSG makes a high percentage of their profits if the Knicks make the playoffs, currently it is looking shaky in that regard, that sounds like a more logical reason for the stock to go down 5 percent.
Commenter 1:Mr. Ozanian,
I’m sorry and with all due respect but for someone who labels himself an expert on sports and money you are showing yourself to be a tyro on both subjects.
In the comments section you said that by opting out of his contract Melo is showing that he is considering leaving his team otherwise according to you there would be no reason to opt out. But most players who are at the peak of their earning power choose to opt out in similar circumstances because if Melo does not opt out and he has a career ending injury in the last year of his contract, he is finished, it makes zero sense to play the additional year when you are at the top of your earnings potential.
Secondly you stated that Melo should show team leadership, he should not opt out and use that cap savings to sign another player but sir you don’t understand how the salary cap works, if Melo does not opt out he will earn 23.5 million dollars in his final year, all of that money counts against the cap, further even if somehow that money did not count against the cap the Knicks would still be over the salary cap for the year 2014-2015.
Finally, let’s pretend that the MSG investors have inside information and they know that Melo is leaving, wouldn’t common sense dictate that they are exiting the stock to voice their displeasure at him leaving, knowing that the team’s value will decrease, how does it show that they are happy he is leaving, if they were happy they would stand strong and prop up their investments.
Mike Ozanian’s lame response: Ozanian, “You say nobody knows why a stock goes up or down, then you give a reason why stock is going down. Makes sense to me.”
Commenter 1:Mr. Ozanian, do you want to address your two glaring mistakes, not understanding the NBA salary cap rules and not understanding how an NBA contract works?
Also can you explain why an investor of MSG stock would sell their shares if they were happy that Melo was leaving the Knicks.
Again you are the business writer but fail to understand basic sports and business concepts. If Mark Zuckerberg announced or hinted he would be stepping down as CEO of Facebook and the stock went down in share price, would that be a signal that investors were happy he was leaving?
Since you seem to know what makes sense and what does not make sense, please address the real issues and your glaring journalistic mistakes.
I will clarify my remarks, in the absense of tangible news nobody can tell you why a stock has gone up or down, you can offer theories, certainly but that is all you have is a theory. If Carmelo Anthony announced tomorrow that he was leaving the Knicks and the stock plunged, certainly we would have a reason why most investors have fled the stock and it would not be because they were celebrating, it would be because they did not think MSG would be rising in value now that their top attraction was leaving.
So again please address why you believe an investor sells a stock when they are happy about a particular news event related to the company?? That is the basic premise of your article and it goes against any basic common business sense.
Either you are a financial writer who is writing for Forbes with a very limited knowledge of business and sports or you have an agenda. Can you please explain because I’m sure there are some people that actually might invest based on your wisdom or lack thereof.
When a financial writer at a prestigious magazine like Forbes.com can present such shoddy and disengenous articles it makes you wonder, is the said writer that dumb or does he just lack any integrity and then you wonder why any sane person would listen to or act on the financial advice of these so called business experts.
When will the media ask Lebron James if he does steroids, HGH, PED’s? Why is the use of steroids in baseball (MLB) a national scandal and outrage but an entire basketball league (NBA) gets away with using PED’s?
Are the Miami Heat akin to the East German Olympic Steroid abusers of the 70’s lore? Listen to those Miami whispers, watch Lebron James, note when his ankle gets bended back almost 90 degrees, amazing five minute recoveries, not normal folks, not normal.
Lebron James is not normal, there is a reason for that. But not one of the media ESPN shills will ask Lebron James on the record if he does steroids/HGH/PED’s and the NBA’s tradition of lying and money hungry Stern commissioners will not offer tough testing.
Twitter Lies About Reversal of Blocking Policy Not About Retaliation About Ad Revenue, the Missed Story, Twitter Had to Cut Back Potential Ad Views Because of User Revolt, Future Revenue Projections Must Factor Twitter’s Fickle Userbase.
Twitter Lied and Revenue Died.
Everyone on Wall Street, in the Media, on the Internet, Missed this key part of Twitter’s decision on December 16, 2013 to first get rid of the user block feature and then reinstall it after a user revolt.
Twitter lied, they lied to their users, they lied to the media, they lied to Wall Street. Twitter got rid of the blocking feature so that they could show more ads, it was about ad revenue, Twitter feels the pressure to monetize the site and to meet Wall Street expectations, they want to beat estimates in the first quarter, otherwise the share price will take a nosedive.
Twitter cited some mumbo jumbo about lessening retaliation, one thing about the tech fascists, great with code, horrible social skills, whatever idiot came up with the “retaliation defense” should be fired. It was a complete lie, it was about ad revenue, plain and simple and Twitter lost on their first fight.
Twitter has a fickle userbase, Twitter had to listen and reverse course, they had to reinstall the block feature, they had to accept less ad views, everybody has missed this, the Twitter share price is north of 70 dollars and going higher and yet that earnings quarter looms and looms, if they don’t beat the street that share price tanks and so far Twitter lied and ad revenue died.
China Sellout Kiss Ass Thomas Friedman Begs Dear President Xi Jinping For Mercy And Threatens To Become a Real Journalist.
Thomas Friedman the master of speaking for an hour on Charlie Rose and saying nothing. The pretentious global expert who invents Don Draper like headlines and taglines to hide the fact that he is nothing more than an elitist kiss ass with zero journalistic integrity. This China sellout kiss ass has been singing the praises of their corrupt government for years while ignoring their labor camps, human rights abuses, stealing of citizen’s farmland, ghost cities, ghost car lots, suppression of speech, show trials of citizens, environmental degradation, cover up upon cover up of abusive governmental policies, the list is endless.
And now this cheap invention named Thomas Friedman is begging for mercy from the Communist Dictator in Chief named Xi Jingping. What is Friedman’s threat, to become a real journalist. The faux/pseudo journalist admits he is fake with this laughable threat:
If you throw all our correspondents out of China, I can tell you exactly what will happen: They will set up offices in Hong Kong, Taiwan and South Korea and do nothing other than comb through financial records from afar, without the balancing alternative to travel in China, meet and hear from Chinese people face to face, and write with nuance about other issues. Also, it will force us to evict your journalists. We will not let you enjoy our openness while you blind us.
War69.com has an idea for this lazy hack named Thomas Friedman, get off your kiss ass and start combing through those corrupt Chinese financial records right now and stop providing cover for your Elitist Chinese Communist Kleptocrat Criminals.
Tom Friedman don’t threaten to do your job, NY Times don’t threaten to do your jobs, nuance is not needed, real investigative journalism is needed, your access and Charlie Rose interviews are not needed.
Tom Friedman stop crying and whining and begging Xi Jinping for mercy, pathetic excuse for a journalist.
George Noory Agrees With Every Guest, Coast to Coast AM, Noory, “That’s Right, that’s right, I agree”.
C2C George Noory is Unlistenable, Dead, Boring Radio.
The Coast to Coast AM show with George Noory has become unlistenable and the show topics are beyond stupid.
War69.com does not recall Noory being this bad when he first started over ten years ago. He never challenges a guest, the guest can say the most off the wall thing and George will sit in silence or give his famous, “That’s right”. The funny thing is that George can have a pro war guest on one night, full of George Noory, “That’s right”, a hundred and one “That’s right”’s, and “OK” and “I agree” and then on the following night Noory will have an anti war guest on and George will then give one hundred and one “That’s right” utterances to that guest.
Admittedly less than one percent of what is said on Coast to Coast is actually true, the show is full of lies, snake oil cancer cures, false money schemes, fake conspiracies, millionaire spiritual gurus, millionaire prediction experts (with a zero success rate on their predictions), millionaire conspiracy liars like Alex Jones (with a zero rate on any of his doomsday predictions coming true).
Yes Coast to Coast is all lies but most normal people don’t listen to the show for the truth, they listen for entertainment or to contemplate the mystery of the universe.
However when you have a host that has given up, who shows zero interest in asking cogent questions or challenging his guests with combative questions and when that host chooses show topics that have little relation to the mysterious zeitgeist of the times, there is no entertainment to be found.
And all you do get is some disreputable guest droning on and on, invariably selling you a book or potion or promoting their website.
And Noory should be held accountable for promoting the guests that siphon money out of the more gullible members of the audience.
I remember the time that Alex Jones tried to lead a mob to attack Michelle Malkin during some street protest. Noory went on the air the next night and declared this was unacceptable and disrespectful and went against our freedom of speech. Noory said he was going to challenge Alex Jones on this attack.
Nothing happened, Alex Jones appeared on Noory’s show frequently in the future and George never questioned him once about this.
That is the funny thing about Alex Jones he claims to support freedom of speech and yet whenever someone challenges him he cuts the person off and shouts them down or he tries to lead a mob to attack a woman he does not agree with.
But back to Noory, here is an example:
Guest Monday night: George I think the mafia killed Kennedy.
George Noory, “That’s right.”
Guest Tuesday night: George LBJ killed Kennedy.
George Noory, “That’s right.”
What is the point of having a radio host.
Bill Schulz Leaves Fox News Red Eye, Only Funny Person Quits Show Because of Salary/Raise/Money Dispute, Greg Gutfeld’s Red Eye is Finished.
How can Fox News Red Eye with Greg Gutfeld survive when the only funny person on the so called comedy show quits? War69.com is reporting that Greg Gutfeld and Fox News refused to give Bill Schulz a raise.
Red Eye is finished unless they reverse course and rehire Bill Schulz. All Greg Gutfeld does is repeat the same themed jokes every night. Andy Levy is not that funny and although he brings some intelligence to the show, not enough to warrant repeat viewing, even with the tired Saturday Night Live style of repeating the same joke endlessly with subtle variations, even with all of that nonsense the one reason you might watch the show was to see if Bill Shulz could.
Oh forget it, even Bill Schulz was not overly funny, maybe one or two laugh out loud moments per week but that is something considering the lame host and his non funny comedian guests and his non funny/ non insightful eye candy women laugh on cue constantly during the show.
A boring show that was teetering on the ratings edge just got rid of the one semi interesting person on the panel.
And now they are left with witless Fox News hosts, rappers you never heard of that sound like something out of junior high school, so called political commentator eye candy guests, again women that you never heard of, and the overly sarcastic and overly dry humor of Andy Levy.
Red Eye is now doomed.
Oh and I forgot to mention the comedians that frequently appear that are not funny and again these are comedians that would be anonymous if not for the Red Eye show.
With the lone exception of Comedian Tom Shillue, Tom Shillue is Funny.
Idiotic Eric Bolling Strikes Again, On The Obama Speech Prop Fainting Woman, Bolling, “Please Don’t Tell Me This Was A Staged Event”.
Eric Bolling has to be one of the dumbest conservative toadies on television, once again he needs to understand one doesn’t think out loud when one has the intellectual capacity of a battery.
As President Obama was trying to defend ObamaCare at the Rose Garden in front of the White House he was surrounded by cardboard cut out human props, a woman standing directly behind Obama fainted.
And what is Eric Bolling’s conclusion, “It was staged”. Right because President Obama is not powerful enough, he needs anonymous people to faint behind him, for what? Sympathy, credit for a heroic act, a true feint? Note to Bolling “feint” means to take the attention off of the failed healthcare.gov
Yes, in Bolling’s lunatic world President Obama needs to stage a woman fainting, it is not like President Obama was able to pass ObamaCare when 70 percent of Americans opposed it, it is not like President Obama was able to pass ObamaCare when Ted Kennedy died thus removing the Democrats Senate filibuster proof majority.
Yes Eric Bolling, Obama is so weak he needs to stage a fainting, if only he had the power to pass ObamaCare with 70 percent opposition.
Like the idiots who believe the Towers were forcibly brought to the ground because two planes flying into a building was not enough to take us to war. Like the idiots who believe no plane hit the Pentagon because two planes flying into a building was not enough to take us to war.
Makes you wonder why we never planted weapons of mass destruction in Iraq.
Makes you wonder why we did not go to war after the U.S.S. Cole was bombed.
So many conspiracies, so little time. Still waiting for the FEMA camps, still waiting for all of the predictions that Alex Jones has made over the past twenty years to come true, just one, one prediction.
The ObamaCare Scam is the Deductible, the Deductible is the Payoff/Graft to the Health Insurance Companies. If you are able to study the plans which the HealthCare.Gov site does not allow you to do without first registering, it only allows you to see the monthly membership fee, it does not allow you to see the amount of your deductible. It is the deductible that transfers wealth from the working class to the health insurance companies. But here is the trick, it is not the deductible that funds the insurance companies, the expensive deductible that will never be reached makes your monthly premium the tax/payoff to the health insurance companies because your high deductible makes your health plan useless, the insurance company will never have to pay a penny for your healthcare.
Why do you think Wellpoint Stock Shares Jumped to $65 when ObamaCare passed in 2010 and now WellPoint Stock Price Shares is $87 dollars and rising. WLP, High Buy WLP, Blue Horseshoe Loves WLP. Your monthly premium makes WLP Share price Rise.
War69.com has been able to study some of these deductibles and they are beyond criminal. $2,000 dollar deductibles, $4,000 dollar deductibles, $6,000 dollar deductibles for the bronze and silver plans on people making less than $50,000 dollars per year in salary.
War69.com thought ObamaCare could actually help the working and middle class but it does the opposite, it guts the working and middle class by offering up deductibles that in 90 percent of the cases no person will use up the entire deductible during the year. So essentially you are paying $50, $100, $150, $200, $250, $300, $400, even $500 dollars per month directly to the insurance companies with no benefit to you the ObamaCare user because you are not going to see the doctor enough to use your deductible.
Remember the deductible comes of your pocket, you have to pay $2,000 dollars in health care costs before your insurance company pays out a dime.
So if you are a young person why would you pay more to the insurance company than the IRS charges you in a penalty fee? What happens if you get a major illness? Sign up at that moment because ObamaCare does cover preexisting conditions.
But remember it makes no sense to sign up for a plan that has a minimum of a $2,000 deductible.
The more you study ObamaCare the more you realize that it was a huge payoff to the health insurance companies, pharmaceutical companies, and hospitals.
Remember that Barack Obama ran his campaign on the fact that Americans would be allowed to buy pharmaceutical drugs online from Canadian drug companies. But Obamacare did not include this provision.
ObamaCare was written by Nancy Pelosi and her Democrat lackeys to pay off the industry that supports Democrats with the most money.
This is a scam. The only positive thing ObamaCare does is it supports preexisting conditions, big deal, they could have mandated the insurance companies cover preexisting conditions without forcing every American to buy health insurance. But with the insane deductibles you are paying for nothing, you are giving your money away for free directly to a health insurance company.
In Barack Obama’s October 21, 2013 White House Lawn speech he did not use the word “deductible” once, not once did he utter the word.
Again if you develop a major illness you can sign up for ObamaCare at any time so don’t sign up now for any plan that forces you to pay a deductible.
Stay away from the ObamaCare scam deductibles.