My Photo
Note: Jeff does not accept guest blog posts on A Dash of Insight.

For inquiries regarding advertising and republication, contact main@newarc.com

Follow Jeff on Twitter!

Enter your email address:

Delivered by FeedBurner

Certifications

  • Seeking Alpha
    Seeking Alpha Certified
  • AllTopSites
    Alltop, all the top stories
  • iStockAnalyst
Talk Markets
Forexpros Contributor
Disclaimer
Copyright 2005-2014
All Rights Reserved

« Summer Reading Ideas | Main | The Super Powers of Ben Bernanke »

June 19, 2011

Comments

oldprof

wsm - I would never tell you to quit reading, and I do not mind questions and constructive counterpoint.

Meanwhile, please keep in mind that I write many different types of articles. In my weekly column, for example, I state that I am giving my own opinion of the data in addition to the many links I provide. I like exchanges with readers -- up to the point where they are going off topic or forcing me to rewrite an article in the comments. Feel free to come to an opposite conclusion. It is not my job to "refute" everyone who makes an argument. Generally I hope that other readers will get involved.

When there is breaking news, like the Greece situation, I have a dilemma -- timeliness versus completeness. I write in the evening or on weekends, after everyone else has quit for the day. What value would it be to wait until the story was all over?

When I wrote the Greece article I had actually planned to take the night off. It took a few hours. I knew that I would not have time to update during the day so I said that the conclusions were preliminary. The list of what to look for held up pretty well. The idea that everything is not 2008 (did you read The Big Short review yet?) is the most important lesson.

I can only hope that others found it more useful than you, and that you will like some future article better.

Jeff

wsm

It is certainly not my privilege (or any of the blog's readers') to know what you are buying and selling for clients. I was not trying to imply that.

My point is that, since this is the case (i.e. since this blog is not for giving actionable investment advice), it is extremely disingenuous when you make statements like:

- "Anyone following my checklist, however, would have been able to act profitably in real time."

- "If the situation is resolved, it will be a major buying opportunity."

Since you make no actual recommendations on the blog as to HOW one would "act profitably", or as to WHAT one would buy under this "major buying opportunity", such statements are at best nebulous, vague, and self-serving.

And I know, I know - if I don't like what you have to say, then don't read the blog. Problem is, I keep your blog in my RSS reader because you usually present good data. The disappointing aspect is when you fail to adequately refute the arguments of readers who very often come to the exact opposite conclusions using the data you present.

It's like having to watch a game on mute because the announcers are so brutal to listen to. The data presented is often relevant and nuanced. It's just that more and more now, the words around that data are at odds with reality.

oldprof

wsm -- I responded to scm's question about sources of data, impacts and why I did not expect this to become systemic risk. That response covered part of your questions, which seemed more like aggressive challenges than questions.

I do not give "actionable" investment advice on this blog. In fact, the disclaimer specifically warns that things that I discuss might not be suitable for everyone. The first thing I do with a prospective client is to learn about circumstances, needs, and risk tolerance.

It is not my obligation to tell you or anyone else what I am buying for clients, although I occasionally do.

As to horn tooting, your comment is pretty funny. I wrote two articles last week, at a time when the market was getting crushed, explaining the pervasive negativity in the news and what you should really watch for. It is my hope that many readers and advisory colleagues may have considered this perspective as part of their buy and sell decisions -- mostly by not blowing out of their positions because of the exaggerated news coverage.

Thanks for encouraging me to clarify this point.

Jeff

oldprof

Proteus -- I think you are right about the nuclear impact, and we have avoided that ETF. It is a good idea, but I have nothing more to add at the moment.

Thanks for sharing your idea with everyone.

Jeff

wsm

"Anyone following my checklist, however, would have been able to act profitably in real time."

What??? How??? You did not answer that question in the comments last week. Yet you keep tooting your horn as if you have presented something actionable.

Proteus

Jeff:
Any comments about the multiple worldwide nuclear power issues, which seem to be vying for a listing in "The Ugly"? I believe these issues have implications for oil and natural gas prices (supportive, even given the slowdown), in addition to the more obvious uranium.

I like your line about market fears being greater than implied by the data.

The comments to this entry are closed.