Air Pollution. Or intellectual pollution…

Posted on Sep 29, 2012 by in Letters

http://stockcharts.com/h-sc/ui?s=GOOG&p=D&yr=1&mn=0&dy=0&id=p20970412253&a=249618391

We habitually check in with Marketwatch to survey the news and see a snapshot of the market.  It is also an antidote to low blood pressure.  While occasionally interesting  Marketwatch features columnists who essentially propagate intellectual pollution.  There is, as all readers know, a breed of financial writer who desperately tries to attract attention by making wild predictions  -- bullish or bearish.  This week it's the "Apple-- the next great short" to get attention.  Of course shorting Apple is the height of foolishness and breaks one of our most important tenets:  Never short a bull trend.  The market has an axiom on this subject:  Don't fight the tape.

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