I have frequently kicked equity analysts in the nards – the reason being their analysis is rubbish and of no fundamental use to anyone. In fact it acts as a drag on the performance of individuals and institutions.
Consider this Technical and Macro Market Update
How does this in any way assist in the decision making? The intro states –
Are you at all confused by what’s going on in the economy, markets, politics and Europe?
Not really – I dont need to know anything about the politics. Sure the Greeks couldnt run a hot bath and Belusconi is an overly tanned buffoon with a hair transplant that makes him look like my recently replanted front garden. But beyond that I dont really need to know anything without knowing everything.
Naufall Sanaullah of Shadow Capitalism regularly puts together fantastic overviews of where everything stands right now, on all the big issues.
Flipping through his presentations is a fantastic way to catch up fast.
Yep much in the same way as smoking is treatment for lung cancer – reading this will only make your confusion worse.
Read more: http://www.businessinsider.com/naufal-sanaullah-market-overview-2011-11#ixzz1du14ILnb