CNBC

[kimchi]

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Last time I tuned in to CNBC, some guy was recommending Citibank at 35. The stock has since dropped to 30.


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This is the same with all TV analysts. They make recos because that's what viewers want to watch. Anyone who trades using TV recommendations is a fish anyway. Even if it a good pick, it only involves about 5% of the trading decision.

Some of my favourite TV analyst quotes:

"I think it's a stock-pickers market" (isn't it always?)
"I think the stock will outperform" (so, it might drop less than the index?)
"I'm bullish on this stock going forward" (tomorrow? next week/year??)
"It might be time to bank some profits" (why??? - do you know my trade objectives?)

OK. That was fun, she was hot, but what do I do now?

Pleeeease. STFU. Oh, wait...I can do something else other than watch TV.