Wednesday, December 14, 2011
A list of the "top ten stocks for 2012" lists, with links. I always have fun reading these, especially when they confirm my own thinking, but never act on them.
Barron's picks for this year (2011) dropped an average of 6.9% versus the S&P 500 which dropped 1.9% in the same period. Not that 11.5 months is sufficent length to judge, but I found it surprising that they chose an airline (UAL), a money center bank (JPM), and a US car company "owned" by the federal government (GM) and given away to its unions.
If a company's price drops precipitously, it does not necessarily mean it's a value.
What that big casino in NY called "Wall Street"? That big Ponzi scheme?
Here is the Argentinian economist Adrian Salbuchi on the Ponzi scheme that is Wall Street and how they are gutting everything for the sake of filthy lucre:
Wall Street the Ponzi Scheme
One should be aware of what is going on.
Having worked as an institutional equity salesperson, I can only tell you one thing. Short sell those lists and I am serious. I made more money in my career doing so than listening to these wall street analysts aka as corporate mouthpieces.
Interestingly. I would wait till all my my institutional accounts sold on bad news and would purchase and made money 75% of the time.