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ZeroHedge has a lot of shady things, and if you didn't know better you'd think the world was falling apart. That being said, their bearish view is pretty impor
by partiallypro 11y ago
ZeroHedge has a lot of shady things, and if you didn't know better you'd think the world was falling apart.
That being said, their bearish view is pretty important when it gets confirmed by huge people. For instance, ZH has been beating the drums on high yield debt since summer of last year, then Icahn steps in and make similar comments and takes to task BlackRock CEO about their HY ETF being shady and the underlying market being illiquid. There hasn't been a high yield implosion, but a lot of people are betting there will be sometime in the near future. But maybe there won't be? Everything is a gamble, I've lost plenty of money being too early or too late.
You can get decent trade ideas from ZH, but like you said, 95% of their items have to be taken with a grain of salt. The odd part is that most traders, professional traders, and some hedge fund managers frequent ZH and mostly agree on some of their doom scenarios; but the central banks pump the markets with so much money it's impossible to bet against the S&P. "Don't fight the Fed" is a slogan for a reason.
- JumpCrisscross 11y ago> ZH has been beating the drums on high yield debt since summer of last year So have John Mauldin, the New York Times's Dealbook, the Financial Times... There are better places to get your bear-market digest.
- scotch_drinker 11y agoJohn Mauldin and Worth Wray are two really strong voices for the high yield debt problem. I have learned an incredible amount from them and trust them far more than Zero Hedge on such topics. ZH is the frontline pulse but if you don't want to have to filter out 85% of the crap, Mauldin and Wray are excellent sources.