If Stock Market Analysts seem to be wrong, why do we believe them?

I am just wondering if we all have some sort of sick pathology.  For crying out loud, why do we believe people who are perpetually wrong.  I read a story on Yahoo news, where they quote the chief strategist from Wachovia Bank.  Wachovia is at $5.45 a share.  In February of 1989, as far back as the yahoo charts will go for me, they were at $11.31.  Remind me again whey these guys are such good strategists?  If the best financial advice you can offer is, “Take the company that I am the chief strategist for, and short it”, you shouldn’t be offering too much advice.

The equivalent of this would be my brother coming to me and telling me he was broke because , and asking if I had an extra few k lying around.  Then, after he takes the loan, he tries to give me financial advice.  Aren’t these brilliant strategists the same ones that asked for a mere 700 Bil?  That is over $2,000 for every man, woman, and child in America.  Wow.  They certainly have some cojones.

I guess I look at all these people saying that we are going to have a recovery in the next six or so months.  That is what they were saying about a year ago.  And things definitely aren’t better.  I guess we will have to see, but I think we should still see the inflation riding back on the “we love the printing press” policies of the of the Fed.

Good luck

3 Responses to “If Stock Market Analysts seem to be wrong, why do we believe them?”

  1. 1 Mike D February 6, 2009 at 8:02 pm

    Yep. Were headed towards serious debt. With leaders that want to drive to dollar to a point of no Return. And then here comes global currency. Just a thought. I enjoy your posts. How is playing the stocks.

  2. 2 Dave August 29, 2009 at 8:24 pm

    Sounds like some broker kicked your butt and took your life savings. Most brokers are between the age of 23 and 29, no college education and full of bull ____. I think we are jealous that they are such good salesmen. Buying from these swindlers is much like buying ice cubes while living at the north pole. I want to get rich. Please tell me how. I’m sick of working. Your friend Dave

  3. 3 pajama party invitations July 9, 2013 at 6:55 pm

    Fantastic post but I was wondering if you could write
    a litte more on this topic? I’d be very thankful if you could elaborate a little bit more. Many thanks!

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