Username:   Remember Me
Password:  

Uber Articles {Über (ger) adj. above, beyond }

- Above and Beyond a Mere Article Directory

 
 

Robin Griffiths Predictions

By Fred Stiles

A friend of mine and fellow stock trader said I ought to take a look at Robin Griffiths predictions. My friend made Robin Griffith sound like some form of prophet.

My friend is a republican who is convinced anything he sees on Fix News, err… I mean Fox News. He also delights in Glenn Beck and holds gold. Thats a sucker.

Robin Griffiths most up-to-date prediction is a 20 year secular downturn in the western world.

According to him we all should own in the East and rent in the West. Within the East, it is possible to own stocks in countries like India and Brazil and without watching them too closely, will be sitting on returns of over 100% in the long run.

In the western world, Griffith claims that you should only hold stocks if they are rallying. Seriously, that’s a brilliant concept. Only hold stocks when they’re rallying! Why didn’t you think of that before?

Robin Griffith a short while ago went on CNBC and said that the mid-summer rally has finished and stocks will begin a downward leg before bottoming in October, for the reason that global economy is in what appears like a Great Depression.

He said equities are for losers and bond markets for winners and that equities are merely for people who like losing money.

Jeeze, you think he holds bonds and gold?

Robin Griffiths predictions go on in greater detail, “A double-dip is inevitable and imminent, as Keynesian stimulus measures haven’t worked anywhere. We have been in the equivalent of a Great Depression following 3 years of credit crisis.”

Robin Griffiths Predictions Have Proven To Be Incorrect

Robin Griffith stands out as the noob whom stated on October 14, 2008 that the stock market crash will end at 3.30pm after lunch: and, with armageddon avoided, there will be a rally as high as 50% by March of 2009.

On October 14, 2008 the S&P 500 traded at $998. By March of 2009, the S&P 500 traded at $735. Had you put into practice this soothsayers advice and bought the S&P 500, you would have lost a whopping 35%.

But the worst blunder by Robin Griffith was letting politics get in the way of his technical analysis.

Robin Griffith said in October of 2008 that gold would hit $2,000 in 12 months. Gold was trading for $820. Had you followed this prophets guidance and acquired gold, you would have been very dissatisfied. A year later in November of 2009, gold was just trading for $1,180: a pathetic 42% gain rather than a 245% gain like he forecasted. So what did this legend declare in November of 2009 after his gold would go up 245% in 12 months prediction was destroyed? He cranked his predictions up even more! He asserted that within 3 to 6 months, gold would rise 70% to trade between $1,500 and $2,000. In August of 2010, a whole 9 months after, gold went from $1,180 to $1195, an astonishing 1.2% gain.

Put simply my good friend who thought Robin Griffiths predictions were so remarkable was being affected by Robin Griffith hype and promoting. Most people don’t take the time to investigate an analysts prophecies. They depend on the real leg work, the time consuming research, to be done by a reporter. If a major news group publishes stories that Robin Griffiths predictions are accurate, then this person must be amazing, right?

Take this as a lesson. Don’t take at face value whatever you are told that has to do with stocks or even the market as a whole. We reside in tainted times in which the country is really a corporate machine that revolves to the tune of the almighty dollar. If Robin Griffith is working as a money manager for an investment firm, and that investment firm wants to hoopla the money manager to get new clients, then you will see plenty of so called news stories hyping Robin Griffith. Fact and ethics in news matters little nowadays. It’s all about the access, prestige, and popularity that is available for purchase.

The SEC has attempted to correct some of this by forcing a disclosure of positions in any of the stocks brought up in an article or publication. What I found scary was that CNBC had several Robin Griffith predictions in articles that said at the bottom where the disclosure statement is suppose to be, “Disclosure: Positions held by Robin Griffith are unavailable at this time.” What?!

Stock trading opinions and non-biased analysis at robin griffiths predictions

categories: stock trading,stock market,day trading,swing trading,stock trading tutorial,investing,business

Article kindly provided by UberArticles.com

Topics: Investing | No Comments »

Tags: , , , , , ,


Article Citation
MLA Style Citation:
Stiles, Fred "Robin Griffiths Predictions." Robin Griffiths Predictions. 13 Aug. 2010. uberarticles.com. 3 Aug 2014 <http://uberarticles.com/finance/investing/robin-griffiths-predictions-are-often-inaccurate/>.

APA Style Citation:
Stiles, F (2010, August 13). Robin Griffiths Predictions. Retrieved August 3, 2014, from http://uberarticles.com/finance/investing/robin-griffiths-predictions-are-often-inaccurate/

Chicago Style Citation:
Stiles, Fred "Robin Griffiths Predictions" uberarticles.com. http://uberarticles.com/finance/investing/robin-griffiths-predictions-are-often-inaccurate/


Reprint Rights

Creative Commons License
This article is subject to a revocable license under a Creative Commons Attribution-No Derivative Works 3.0 Unported License, which means you may freely reprint it, in its entirety, provided you include the author's resource box along with LIVE VISIBLE links (without "nofollow" tags). We may revoke the license at any time with or without cause. You must also include the credit to UberArticles.com.

Comments are closed.

Disclaimer
Uber Articles and its partner sites cannot be held responsible for either the content nor the originality of any articles. If you believe the article has been stolen from you without your permission, please contact us and we will remove it immediately. If you have a problem with the accuracy or otherwise of the content of an article, please contact the author, not us! Also, please remember that any opinions and ideas presented in any of the articles are those of the author and cannot be taken to represent the opinions of Uber Articles. All articles are provided for informational purposes only. None of them should be relied upon for medical, psychological, financial, legal, or other professional advice. If you need professional advice, see a professional. We cannot be held responsible for any use or misuse you make of the articles, nor can we be held responsible for any claims for earnings, cures, or other results that the article might make.
  • RSS Feed

    RSS for Investing