MASTERS of the MARKETS SPEAK...what do they know?!

used to be a day when warren buffet spoke, people not only listened they emulated, imitated, agreed and got on board. george soros had that power as well. bill gross, always the mellow bond guy, never too interested in speaking out about stocks, was revered as a voice of sensibility in an unsensible market. like what these guys say means something? just because they are worth billions and manage billions of others peoples money doesnt make them gods. or does it?

lately, what they say upsets most people and incenses others. not because what they say is right or wrong but because what they are saying doesnt make them feel good about the economy or the stock market or dividend policy or the u.s. dollar. sensitive subjects to be sure but if these successful financiers have an idea that is important and applicable, why now are they irrelevent? because it doesnt stoke the markets and make stock prices go up?

watch out if these market movers do what they do best. normally, these "smart money" guys dont say things that go against their trading strategies or what they are doing with their billions. pooh-pooh them all you want, next time we hear from them someone will be right and if history is any guide, its probably going to be them.

in the past, it didnt matter what they said or why they said it, it was seen as important information and a valid veiwpoint. in fact, when one of these "masters" graced us with their insights and intelligence, it was looked for by others to guide their decision making process with regards to business and personal financial matters. not anymore. at least not right now. much more fun to jump on the optimistic bandwagon, get long the market and ride the wave with all the other small fish hoping the bull is back. heeding the warnings of these market masters may be worthwhile.

funny how we listen when we hear what we want and ignore what we dont want to hear. might be the best time to be listening!

have a grateful day!
larry