The Ignorant Investor

I'm about done reading a lot of the bloggers out there. Soooo many opinions on what's coming over the next year or two, much of which is delivered in a snide, "smarter than thou" tone that makes me grit my teeth.

I get it, I want to say. You are so fucking smart, Mr. Generic Market Blogger. Everyone but you is a total fucking idiot who can't read a balance sheet, doesn't recognize the danger of twin deficits, can't read the obvious signals in the market tape. Whatever. Alan Abelson is one of the worst for this, but I've seen a ton of other blogs with the same approach. And they all link to each other or point out when the other guy "gets it" by agreeing with their own position. Or have people commenting on the blogs that the writer "sees what's coming" and notes how it jibes with their own predictions.

What you end up getting is a single view, magnified in its significance by sheer repetition. Obviously some of these bloggers are going to be right at any given moment (and we'll have to hear about it endlessly when they are), but I don't believe anyone can predict the next nine months to a year - or three years, ten years, whichever time period you choose- with any justifiable confidence.

So I'm sick of reading their work. I've got to find something new.