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You know we're in trouble when anyone is giving you stock tips. There is zero evidence that brokers and analysts (in general) can pick stocks better than UPS dr
by neilk 12y ago
You know we're in trouble when anyone is giving you stock tips. There is zero evidence that brokers and analysts (in general) can pick stocks better than UPS drivers. Except that they are in a position to profit from others' greed and fear.
I'll agree that the "UPS guy" metric is useful, but only because it shows when a certain kind of madness has infected the rest of society. When even people who aren't paid to promulgate nonsense are blinded by their enthusiasm.