Doin' It Bloggystyle: Random Flies
Minyanville brings together the best of what they are saying "out there" about the topics we're talking about right here.
Blogs themselves need no introduction, as they get as much publicity as pretty much anything these days, save maybe the latest Britney news. There's an expanding world of excellent financial blogs, covering pretty much everything from global economics to swing trading. Minyanville's goal is to bring together the best of what they are saying "out there" about the topics we're talking about right here.
What do you see?
So which is more real. This picture of a gigantic dragon fly that my wife snapped on our deck, or The 2:30 PM Wednesday Expiration Option Look? Some observations.
- Flight to quality in shaky times? The IBD held its own, as dk Reports noted.
- Nice market catch by Tim Knight the other day, and even nicer chart annotations highlighting some often misinterpreted AJC tops.
- What's the best time to catch a stock approaching its 200 day moving average? AFTER it bounces according to some filter tweaks from Bullish Jim.
Mainstream Media. Great, or Really Great?
- Roger Ehrenberg with a terrific analysis of what ails the mainstream media these days.
- And some thoughts on revitalizing it.
- Personal opinion is that the first step is to exercise their embedded elitist attitude and acknowledge that not all blogfolk are unwashed bohemians living in their parents' basement scribing with no base in fact and no constraints on what they say.
- I may not wash and I may have no facts, but I moved out of my parents' basement a couple years ago, lol.
- OK seriously, blogs aren't replacing MSM any time soon. Or really ever. At least in the news-gathering sense. But as far as opinion goes? It's about the opinionist himself/herself. The credibility and/or knowledge of the writer/pundit trumps the venue where you find them. And those venues blur as we speak.
So what do a bunch of bloggers know anyway?
- So Ticker Sense runs a blogger sentiment poll each week. Full disclosure: I participate and click off "neutral" almost every week.
- It always skews bearish; it's just a matter of how much.
- Is this a good contrary indicator? Underthecounter seems to think so. As does Stockbee.
- I am not real big on sentiment indicators that measure what people say (as opposed to what they actually do), so I have a skewed opinion on this.
- But given that disclaimer, I would really be wary reading anything into this. It's probable that the sample population here is way-skewed towards those more likely to be skeptical than... say... your typical TV guest. Who is more likely a perma-bull running a fund. Whose job it it to be bullish.
- If you do want to read something into though, it requires some sort of baseline, which I am sure is where Ticker Sense is heading. Maybe neutral here is twice as many bears as bulls, who really knows?
So I'm now convinced Youtube is worth $1.7 billion...
- I betamaxed every single "Battle of The Network Stars" and lost them somewhere along the way, but hat tip to Smittblog, it's on YouTube. Kudos to Kathy Lee for fighting through that groin pull to complete the obstacle course.
- How about a little Match Game '74? Warning: May contain an anatomical reference, a classic mustache or two, and some really dated humor.
- Best of Les Nessman anyone? Herb Tarlek?
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