Nova Law

Inflation "Dead" After Three Days' Selling?

Luckily for me, I never followed any of Cara's stock recommendations or ideas, saving me lots of money. So no bitterness here. Indeed, his track record, if you take the trouble to follow it, is pretty terrible. That's why he virtually never refers to it. He's not wrong on everything, all the time, of course - even a stopped clock is right twice a day. But you'd do better with your investments than Cara if you use the stock listings and throw darts.

Cara has a superficially entertaining style, but if you look closely at the substance, there's no "there" there. He also has an enormous ego, and a habit of demonizing everybody who doesn't share his opinions.

Inflation "Dead" After Three Days' Selling?

The latest nonsense from BillCara.com:

After yesterday's embarrassing circulation of a fraudulent Dow Jones article pumping Crystallex, today BillCara.com broadcasts innuendo suggesting the coming indictment of President George W. Bush:

www.billcara.com/archi...

Cara's source - "truthout.org," a blog roundly often criticzed by mainstream journalism institutions as publishing lies, damn lies, and just plain fabications. Along the lines of Cara's suggestion that Bush may be under criminal charges, in 2006 Truthout.org trumpeted a story which recounted White House advisor Karl Rove to be already under indictment. The Columbia Journalism Review, perhaps the most-respected academic publication covering journalism, published an expose of Cara's favored website under the title:

"Jason Leopold Caught Sourceless Again"
www.cjrdaily.org/polit...

The point is less a political or journalistic one than it is a financial one. Cara accounts for movements in the markets being attributable to "reportage" of "facts" from sources which have been conclusively discredited. And we're to take this seriously? Tin foil hat stuff out of Cara - yet again.

Perhaps tomorrow Bill will treat to the "news" of the discovery of Kryptonite at Area 51, and a hot stock tip as to how Crystallex is going to get the permit to mine it.

Inflation "Dead" After Three Days' Selling?

Paying any heed to what Cara says can be highly dangerous to one's pocketbook.

Today's case in point:

On June 2, 2006, Cara triumphantly predicted a .50 basis point rise in the US Fed Funds rate in August (when in reality there was no change), and that the Dow Jones Industrial Average was going to close 2006 at 8800 (it closed at 12,463, a whopping 3600 points higher than Cara's prediction).

Normally when I would read a prediction so far off from reality, I would take it with a grain of salt. However, Cara really did make these stupid predictions. You can see it here, assuming her doesn't subsequently remove it altogether:

www.billcara.com/archi...

If you combine this with yesterday's spreading of the false Crystallex report on BillCara.com (supposedly by one of his "contributors"), investors have every reason to discount anything published by this gentleman. If you look at the actual data, as opposed to Mr. Cara's constant spin, I think you will come to agree with my opinion that he has no track record of accuracy, accountability, or disclosure.