Hot Stock Picks for a Rallying Market -- Our Response to a Huffington Post Blog Entry (Part 1)

Two occurrences last Friday made me come back to this Huffington Post blog entry by Dan Solin. One, it was the 20th anniversary of CNBC's founding. The second was Jim Cramer's highly spirited retort to Mr. Solin's public mockery of "In Cramer We Trust" on CNBC. Cramer was so incensed that he interrupted Solin's interview to give him a piece of his mind. Where was that energy during his interview on The Daily Show, I wondered? Unfortunately, Cramer took the opportunity to attack John Bogle and defend his own prowess. It is with thoughts of financial news and their market-timing pundits, such as Cramer, that I write today.

Mr. Sorin's contribution to empowering Americans to take control of their financial future is nothing short of exemplary. While I haven't read "The Smartest Investment Book You'll Ever Read," I have heard great reviews. To him, I say, stay passionate.

However, in the great zeal seemingly everyone has taken in bashing pundits and financial news; I feel somebody needs to hear a rebuttal. While, undoubtedly in a perfect world, we would like to see the type of investigative journalism that would bring a greater credibility to outfits like CNBC and Bloomberg, if we had the option between the manner in which media coverage is conducted today or no coverage at all, which should we go with? If trashing the pundits that make bold predictions dissuades them from presenting their thoughts on the market, will it be worth it for us?

About Financial Crisis
Read the Article at HuffingtonPost