re: Do you think the financial media is as dishonest as the MSM?

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You make as much as you can during bull markets and even a 50% drawdown during a crash is tolerable.

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lol….if you bought the Nasdaq in say 1998. Just the index. You were underwater from 2000 thru 2015.

Nobody wants to sit on a losing investment for 15 years when bond rates are near 5%.

But you don’t hear any analyst say this exact thing bc again…it’s not in their firm’s best interest. And when valuations get to the point we are at now, that’s the message that should be sent.

At least in MSM, you can go to different sources and get the liberal, conservative, middle, viewpoints depending on what channel you choose.

With the Financial Media, it’s just giant group think of people working in an industry who only make money if their clients stay invested in the market. Everyone is all in the same boat. So if the market does turn poorly, all these idiots at Morgan Stanley, Goldman, CNBC can just say “well everyone set their price targets high so don’t blame me if your investments go bad, if you listened to anyone else they’d have said the same thing”.

How come nobody but a couple people figured out 2008 was gonna blow up?

How come nobody but maybe Buffett was saying 1999 Nasdaq was way too overvalued?

And it goes the other way too. What analyst said Sandisk was worth 1,500 when it was trading at $50 last year? Surely these experts know how scarcity affects semi conductor and memory names? Nobody was willing to put a giant number on it at the time, bc in the past valuations like that made zero sense. Yet when the stock moves to 1500, none of these analysts say the price makes no sense. They simply raise their price targets bc the market itself moved it.

You got Quantum names with 50 million in revenues valued at $8 billion right now.

Yet nobody is willing to say sell. It’s sheep leading sheep.