I am no longer dwelling on the BS from panelists on the shows.
But as I have warned when the tide goes out you will realize the absence of analytical rigor and process.
The panelists, you will also realize, will not revisit their losers.
They will never timestamp because viewers would realize the “jig is up.”
Panelists want to seem/look smart – they want to polish their images as they are asset gatherers or are selling a service.
But look at the shares of homebuilders, $RDDT, $SHAK, $BABA, $TTAN, $GEV, $UBER, $NFLX and the many others that were confidently recommended by the panelists of floor traders, veterans of Long Island Boiler Room brokerages, phony technical analysts (who don’t even know what a fractal is or who Mandlebrot was!).
I have highlighted their BS as an advocate of the retail viewer who all generally think being a regular panelist on CNBC means alot.
Doug Kass is a world-renowned hedge fund manager with decades of experience and success navigating through some of the most turbulent periods in market history. He is known for his time-tested analytical skills and ability to look past the current noise and herd mentality.
On TheStreet Pro, Kass provides frequent market commentary and investing ideas for active investors throughout each trading day in Doug’s Daily Diary. He also serves as president of Seabreeze Partners Management Inc. Previously, he served as a senior manager at Omega Advisors, a $6 billion investment partnership. He co-authored a book with Ralph Nader and the Center for the Study of Responsive Law called “Citibank: The Ralph Nader Report” and can be found as a guest host on CNBC's "Squawk Box."
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