by Barron Maestro on July 6, 2009
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Another round of prediction results from the pundits show there is a wide degree of error; especially the more specific the prediction. Peter Schiff was 100 percent right about the severity of the recession. Jim Cramer was wrong as he is about 50% of the time. Jeremy Grantham predicted the market would fall, but by his words it sounded like the bottom was at an S&P 500 level of 1,100. Anyone who follows the market knows it fell substantially further. Gary B. Smith provided his usual useless advice.
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by Barron Maestro on May 2, 2009
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Another round of prediction results exposes the givers of stock picks as the Charlatans they are. Gary Kaltbaum was the lone holdout as his year 2008 pick of Oracle (ORCL) outperformed the market. Ken Heebner, Laszlo Birinyi, Jeremy Siegel and nitwit Gary B. Smith provided advice that ranged from horrible to awful. One could generate nice returns by consistently doing the opposite of what Smith says to do.
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by Barron Maestro on March 22, 2009
Again, the futility of listening to pundits is highlighted in a round of prediction results from late 2007.
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Joe Battipaglia and James Grant broke the mold as they were largely right about what was to come (stock picks be damned). However, Gary B. Smith, Elaine Garzarelli and Pat Dorsey were up to form as they were 180 degrees wrong.
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by Barron Maestro on January 14, 2009
After a generally horrible 2008, the “gurus” from Fox News provide their stock picks for 2009 in an attempt at redemption:
- Gary B. Smith: Fannie Mae (FNM: $.76)
- Tobin Smith: Quanta Services, Inc. (PWR: $19.80)
- Pat Dorsey: WellPoint (WLP: $42.13)
- Eric Bolling: Google (GOOG: $307.65)
- Patricia Powell: 3M Co. (MMM: $57.54)
- Charles Payne: Apple (AAPL: $85.35)
- Adam Lashinsky: Walgreen (WAG: $24.67)
- Matt McCall: iShares High Yield Corporate Bonds (HYG: $76.01)
- Evelyn Rusli: URS Corp (URS: $40.77)
- Jack Gage: Energizer (ENR:$54.14)
- John Rutledge: Apple (AAPL: $85.35)
- Victoria Barret: salesforce.com (CRM: $32.01)
- Jonathan Hoenig: Tokyo Stock Exchange REIT Index (JRE: $21.70)
- Wayne Rogers: Abraxis Bioscience (ABII: $65.92)
- Jonas Max Ferris: WADDELL AND REED FINANCIAL (WDR: $15.46)
Source:
http://thelearningcurve.blogspot.com/2009/01/2009-guru-predictions.html
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by Barron Maestro on January 9, 2009
The Learning Curve blog recently posted the performance of the stock picks from the “gurus” on Fox Business News. Overall, they were horrid:
Bulls and Bears:
Tobin Smith: Emcore (EMKR $15.30 to $1.30)
Pat Dorsey: American Express (AXP $52.02 to $18.55)
Gary B Smith: Bank Of America (BAC $41.26 to $14.08)
Scott Bleier: Marteck Biosciences (MATK $29.58 to $30.31)
Patricia Powell: Potash of Saskatchewan (POT $143.96 $73.22)
Cavuto:
Gary Kaltbaum: Oracle (ORCL $22.58 to $17.73)
Charles Payne: Washington Mutual (WM $13.61 to $0)
Jill Schlesinger: BLDRS Emerging Markets 50 ADR Index (ADRE $55.04 to $27.31)
Peter Schiff: streetTRACKS Gold Shares (GLD $82.46 to $86.52)
Cashin’ In:
Wayne Rogers: BE Aerospace (BEAV $52.90 to $7.69)
Matt McCall: CNH Global (CNH $65.82 to $15.60)
Jonas Max Ferris: Nakoma Absolute Return Fund (NARFX $23.06 to $22.06)
Jonathan Hoenig: CurrencyShares Mexican Peso (FXM $91.98 to $73.81 )
Source:
http://thelearningcurve.blogspot.com/2009/01/how-did-2008-guru-picks-do.html
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by Barron Maestro on December 6, 2008
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Another round of prediction results. Scott Bleier and Joe Battipaglia provided some good advice over a year ago. Gary B. Smith, Pat Dorsey and Tobin Smith – not so good. Nitwit Gary B. Smith was especially awful.
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