38. Debunking the TV Analyst
This is where the analyst is separated from the analysis. The technician appearing on a television news show to discuss the market is most likely an experienced practitioner of technical analysis. This is probably someone who has a good track record picking stocks or trading commodities, has written a book or two, and looks forward to a nice bonus from the firm at the end of the year. The bottom line is that the analyst on TV is probably good at the job.
“You looked good, but I didn’t understand a thing you said.”
However, being interviewed on TV is not a job. Like it or not, even the most stodgy of business television shows is more interested in ratings than in dispensing good investment advice. Of course, ...