Monday, February 23, 2009

I am just so pissed

I have to spit it out. I have taken this for too long. What do I talk about? I am talking about the irresponsibility of our so called financial professionals. Jim Cramer, Warren Buffet, Doug Kass, the list goes on. They act like knowledgeable people, calling buy this buy that on TV, on radio, on Internet. But they never tell you what and how to do if their predictions are wrong. Nobody can be 100% correct in the market. If they are responsible, they should have told you what the stop is, or what the next step is to save the position. They never did. They give you a start, but not ending. A 10 year old child can do that is OK, not professionals with thousands of followers.

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