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These Talking Head Stock Analysts are beyond useless.

Posted on 2/2/24 at 11:09 am
Posted by Bob Bass
Member since Jan 2024
18 posts
Posted on 2/2/24 at 11:09 am
18 months ago when Meta was $90 they were all saying don't touch it, it's going the way of MySpace.

Today it's at $470 and they are all upgrading and recommending.

They have no more idea what's going to happen than the man on the street performing his own due diligence.
This post was edited on 2/2/24 at 11:11 am
Posted by UltimaParadox
Huntsville
Member since Nov 2008
40888 posts
Posted on 2/2/24 at 11:45 am to
Low cost indexing is the answer and has proven it time and time again.
Posted by RoyalWe
Prairieville, LA
Member since Mar 2018
3138 posts
Posted on 2/2/24 at 11:59 am to
The stock market is a zero-validity environment. It goes up. It goes down. It goes up over time. Nobody can time the market.

Financial "news" is entertainment. You can find bull and bear articles at any point in time. Those who follow bears lose the most.
Posted by CHGAR
Haile, LA
Member since Aug 2022
575 posts
Posted on 2/2/24 at 5:14 pm to
All these heads do is babble finance jargon while shilling buy/sell on nothing more than whether price is above or below the 200 day MA. Hell, CNBC pushes the talking points these heads spew.

Reality is that anybody who knows what's going on ain't giving it away for free on TV.
Posted by Willie Stroker
Member since Sep 2008
12989 posts
Posted on 2/2/24 at 5:46 pm to
quote:

These Talking Head Stock Analysts are beyond useless.by Bob Bass

I remember when back in the early 2000s, they were saying, “Amazon? Why buy stock in a book company that can’t turn a profit?”
Posted by go ta hell ole miss
Member since Jan 2007
13664 posts
Posted on 2/2/24 at 8:50 pm to
quote:

18 months ago when Meta was $90 they were all saying don't touch it, it's going the way of MySpace. Today it's at $470 and they are all upgrading and recommending. They have no more idea what's going to happen than the man on the street performing his own due diligence.


I am not sure who you were watching. A lot of fund managers and talking heads were on META 15 months to a year ago. A lot changed with META from 18 months ago, too. There was reason for people to be down on it. Last year was a huge year for Zuck. They completely shifted to cut spending and move focus away from Metaverse. They are the only ones making real money off AI right now other than NVDA.

Karen Finerman was all over META early last year.

S4 Capital’s Martin Sorrell is big on advertising, META ‘s real bread and butter along with AI now, said it was going higher.

Sir Sorrell says META will rebound in 2023

It was even Jim Cramer’s number one stock pick going in to 2023.

Cramer Picks META for his top pick in 2023

It was JP Morgan’s number four pick going in to 2023.

JP Morgan Picks META as no. 4 stock for 2023

Satori Fund manager Dan Niles had META as a top pick for 2023.

Interview with Dan Niles of Satori Fund makes META top Pick
M


JP Morgan surveyed investors said META was a top pick.

41% in Investor Survey Picks META

Tim Seymour and Steve Grasso long on META in early 2023

Fast Money Debate META (Grasso and Seymour long)



This post was edited on 2/3/24 at 12:04 am
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