On at least two occasions this week, on Your Money Your Call, a reference was made to a newsletter which advised clients/subscribers to sell all their equity holdings. Does anyone know which newsletter this was?
My interest in this comes from my increasingly contemptuous view of the ability these highly paid people to provide information that is any better than you can get from race horse tipsters about Saturday's likely winners. And these "tipsters" have forecast just about every possible eventuality, so sooner or later some of them are right - and that makes them a "guru", at least for a while. To me some of the silliest ones are the technical analysts on YMYC who say things like "if it goes down to $3.51 it could go all the way down to $2.95". Please!
I guess a lot of people on this forum will just yawn and say something along the lines of "how long did it take you to work this out?" but perhaps there is some way forcing accountability.