1 reply to this topic

[viccarter]

It is truly, deeply comedic. I mean I gave you some good pics and all, including MPO and MEMP, but my goodness you could have thrown a dart (which I also knew would be the case). The underside is more sinister. I truly do not believe in coincidences. There is no way on earth that grown folks whose BUSINESS it is to be EXPERTS on a subject are this dumb. What is really happening is this: 1. it's impossible to truly know the long term outcome of something far, far into the future based on extrapolations of what is going on right now. There are too many contingencies and some issue that seems important right now might be forgotten in the near future. But these people make a living (a good living) selling information to others about which they do not know and cannot accurately predict. 2. they also are selling information based on what is happening in the short term. Now they may or may not have a better idea of what will happen over the next few days or weeks. 3. in both situations, they will have an after the fact contingency plan in both scenarios no matter what the market does. After the fact they will say 'the market did that because of this' or 'the market did this because of that'. 4. now you have all kinds of big money that pays for this useless information. Whether it is relied up for making decisions who knows. I suspect that it also has a CYA function among big hedgers and the like. So there are people out there that can use the opinion of this 'expert' to justify a decision and take less responsibility for it. 5. the dark part of all of this is that these experts are paid handsome consulting fees and retainers by big money and corporations just to give their opinion. What happens is, a big money client will want to take a certain position in the market. Usually it is at an important precipice. Perhaps the big money client is short and has recently closed and flipped long or vice versa. So he will let the 'expert' know in certain terms that he wants him to go out into the media and provide a diversion for whatever it is he's doing. The 'expert' then goes on TV and pleads the 'long term short thesis No. 2' or whatever. Meanwhile the big money client is taking or has already taken the opposite position in the short term. It's terrible to realize that so many things are all fraud and lies. Just terrible. Of course maybe they are just really that dumb. Take your pick.

[dasein]

I dont know about you but it seems to me that fraud(falsehood) is much more accepted nowadays and has been come to be expected and used to give a basis for whatever X wants to do, or as a CYA as you say. it is in all parts of life, and afterwards is the usual mantra - but noone could have known....