Cont. ECONOMIC ANALYSTS AND JOURNALISTS. Do they deserve our credibility? TOTAL FINA RESULTS
As you know, I wrote repeated comments about the price targets of the analysts and the credibility that I deserve. Today it is up to the analysts who are often involved in the media and journalists involved in programs devoted to economic analysis and particularly the investment, that is commenting on the financial markets and assets that they bid.
I'll give some examples of what I have observed and for brevity I will refer to the last few weeks. I think a few are enough. I try to play with more accurately what I have heard or read.
a) is common to hear phrases like
1) "Good for ..." conticuación to the value name or company.
2) "What is doing very well ..." then the value name.
3) "What hurts? ..." Then the value name.
b) Another example is the question asked this afternoon to an analyst on the impact of measures taken by the European Union, Greece, well the analyst indicated that the lack of specificity had assumed tremendous rebuke to the markets, with continued declines even in the case of E. United, well for anyone who is not aware the subject I do not understand comment as E. Held together at that time increases in all indices in some cases were close to 1% and I fear that his comment came at the case of IBEX is the only one that closed with significant declines, at it's best to just follow the market English. But I wonder, how can discuss this thing and make such a mistake by a professional?. Prima "and leave the figure in the media?. I do not know but I do not understand.
c) Also this afternoon, another analyst asked for several values \u200b\u200brecommended not to take positions in any of them, I remember that this same analyst a few weeks ago implied that had to be in the market. Asked about the possibility of some value to enter, indicating that there is none now nor in SPAIN or in other markets, by insisting the market interviewer E. Together, more or less commented that with more than 9000 companies it is normal that had some but he did not know him.
wonder why not listen and read one day an opinion and a few days against the same person. I agree that it may change your mind, but it has to be done and reasoned arguments. I will miss not stayed up If after a few weeks to stock indices above 4%, indicating that there was an opportunity to enter, as they did In July 2009, when in March many of them indicated that there were no opportunities.
UDS Do not know if they have similar views to mine and observed behaviors as they indicated?
At some commentary I've joined my reservations about the technical analysis, at least in absolute terms and made no further references. But each day, as I indicated in the various comments I write, I am convinced of the need to compare any opinions and make decisions based on the information to be able to understand.
understand that at least in our country, there is an important part of analysts who seem to respond quickly and without issues that deserve deep reflection and from my p. of v. contribute very little to the understanding of what the world of finance and the minimum security that investment decisions should be surrounded.
thus not trying to discredit anyone, but to reflect on the importance of questioning claims that the media must make an every other day too, and try to tease apart the messages that are received with the information that one is able to obtain and evaluate.
I ask again UDS reflect on the subject that I propose and make their own decisions regardless of whether or not value what they read and hear. Total
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