So I've been an armchair economist for a few years now. My total education in the field amounts to reading blogs, watching some TV, and buying gasoline and noticing the price changes. I've generally kept my opinions to myself, not bothering anyone with them, because I thought, why would anyone want them? I'm completely and totally unqualified to offer my opinion on the markets to anyone else while keeping a straight face.
Then I started to pay attention to the experts that were brought on TV, or who were covering the papers with their op-eds. And I realized something. These people were also uniquely unqualified to offer their opinions.
You could rebuttle "but Chris! How do you know these people are unqualified when you just said so yourself you have no idea what you are talking about?" And I would say, true, but I don't need to. I just need to look at their track records. They are wrong so often, it makes you wonder why anyone would want to listen to their opinions.
This epiphany led to this instablog post. Who cares if I'm wrong? Everyone else is anyway!
So this will be my little corner of the internet related to finance and the markets. I'll stick to technology companies, because I have at least a vague idea of what they do, and how they'd react to market conditions. That's enough to label me an expert.
Here are my initial recommendations. I'll expand on them in subsequent posts.
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My Opinion is Better than Your Opinion
Then I started to pay attention to the experts that were brought on TV, or who were covering the papers with their op-eds. And I realized something. These people were also uniquely unqualified to offer their opinions.
You could rebuttle "but Chris! How do you know these people are unqualified when you just said so yourself you have no idea what you are talking about?" And I would say, true, but I don't need to. I just need to look at their track records. They are wrong so often, it makes you wonder why anyone would want to listen to their opinions.
This epiphany led to this instablog post. Who cares if I'm wrong? Everyone else is anyway!
So this will be my little corner of the internet related to finance and the markets. I'll stick to technology companies, because I have at least a vague idea of what they do, and how they'd react to market conditions. That's enough to label me an expert.
Here are my initial recommendations. I'll expand on them in subsequent posts.
BUY: (YHOO), (MSFT), (PALM)
SELL: (AAPL), (ORCL), (CSCO)