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Joe Kernen Doesn’t Like Much Being Questioned

This video with Joe Kernen and David Harding on CNBC led to Kernen getting a little testy on Twitter with me. An excerpt of Kernen and I:

Kernen: Oh yeah. [Harding] Great for an interview. Absolutely no predictions or forecasts about what might happen in the future.

Covel: So the interviewee blows if he can’t forecast tomorrow?

Covel: Why have a trader on who does not predict and then ask for a prediction?

Kernen: Why wrestle with pigs when all you get is dirty. Toodles.

There is more at Twitter. Podcast to follow.

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Posted in Feedback, Trend Following
5 comments on “Joe Kernen Doesn’t Like Much Being Questioned
  1. Steve says:

    David Harding has been on CNBC at least half a dozen times. Every appearance was a wasted opportunity to ask meaningful questions about Winton’s risk management algorithm or even how many times in recent years where Winton was “long of meats” lost money and how much they lost, further to one of the winning trades mentioned. There are dozens of meaningful questions to ask that will never be asked.

    Obviously CNBC’s culture is the same as every other superficial teleprompter reading group of bimbo/mimbo pinheads who mirror and reinforce the lizard brain bet the farm and buy lottery tickets orthodoxy of the masses.

    It’s unlikely CNBC will ever ask David Harding a meaningful question in the future considering the mass opiate of belief they are peddling is always in high demand:

    http://www.sciencedaily.com/releases/2009/03/090304160400.htm

    “[believers] showed significantly less activity in the anterior cingulate cortex (ACC), a portion of the brain that helps modify behavior by signaling when attention and control are needed, usually as a result of some anxiety-producing event like making a mistake.”

    Mental activity of CNBC’s typical viewer after losing 80% of their money being long stocks/bonds/dollars with no exit plan before the inevitable crash? Flatline!

    The only risk control such people know is luckily bouncing off a guard rail or luckily noticing when the other sheeple they’re following are crushed before of their eyes by a falling cartoon anvil that was obviously and plainly suspended in full view above the roadway.

  2. Antonio Bertone says:

    They don’t get it. …. they will never get it. …. and I wouldn’t have it any other way!

  3. Niels Kaastrup-Larsen says:

    Hi Mike,

    I think you efforts in exposing the lack of real value in mainstream financial media is great, whilst at the same time offering a true alternative via your podcast and other media.

    I think deep down, these guys are only human and was brought up in an evironment where buy-and-hold with no accountability was the norm. Luckily we know better, and from your and my own podcast interviews with these legends, true wisdom comes to light.

    For those who want to invest the time to listen and learn this is probably the best (and cheapest) trading education outthere.

    Keep up the great work!

    Niels

  4. Aaron W. says:

    Mike,

    Will you be interviewing Mr. Harding in the future? It would be great to hear an interview with him that isn’t a wasted opportunity.

  5. Jim Rohrbach says:

    Michael: I have been timing the market for over 40 years, as you know. It’s a good thing that the average investor believes in Buy and Hold. Their belief is what prevented the market from a complete disaster. I have a relatively small number of subscribers who act on my Buy and Sell Signals. We can not affect the markets. If everyone believed that the market can be timed and large numbers of people acted on that information at the same time, it would blow the markets. So let the dumb people on CNBC make their predictions and let them have their guests who make predictions for them. They are helping us Trend Followers and Market Timers by creating tradeable fluctuations in the trend that we can trade. Yes, the market can be timed, but few people believe it, and that is a good thing. Thanks for interviewing me early on, on one of your Podcast’s. I know that people do not believe me, but that’s okay. I am here to help the average investor. Becky Quick says the market can’t be timed, and I guess a lot of people believe her. When people find out that I time the market, the first thing they ask me is,Where is the market going from here?? My answer is always the same. I don’t know!!!!! I guess that means I won’t be invited to appear on CNBC.

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