Tech Ticker's Best of 2009: Fan Favorite, Howard Davidowitz
MY COMMENT: It was extremely difficult to find competent truth tellers in the legacy financial media. You are forced to watch hours of professional liar, criminally inept "journalist", economic ponzi scheme cheerleaders, GS/GE misinformation puppets etc....
The saying goes "A bad lawyer can convict a guilty man with good evidence. It takes a good lawyer to convict an innocent man with bad evidence."
So the financial media has been pumping and dumping the garbage on the masses. The creation of Fast Money / Mad Money at near the peak of the market was not lost on me. Someone had to be buying as the banks deleveraged....
That brings me to Howard Davidowitz. A competent straight shooter, who has been named the fan favorite at Tech Ticker.
The only problem is, if you had followed his beliefs in 2009, you might have gotten killed, as retail stocks have rallied in this bogus run up.
As Kunstler said in Forecast 2010
"After all, if a company like Goldman Sachs can borrow gigantic sums of "money" from the Federal Reserve at zero interest, why would it not shovel that money into the burning furnace of a fake stock market rally? "
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