Barron's...More Meaningless than Even Last Week

If you rely on Barron’s to make you money, you live on the upper east side of Manhattan, are over 80, white and are supplying the stories to a lazy, old staff to profit from the headlines on Monday.

Absolutely useless.

I was buying some raspberries this morning at the neighborhood grocer and looking for an Investor’s Business Daily. Of course, all you can find is a Barron’s (now a financial tabloid) and The New York Times (well on it’s Tabloid way). Undertstand this is also why Investor’s Business Daily is the only financial paper worth reading! The Times is writing a long story about how Lance Armstrong’s dating exploits may hurt his cancer work.

NOOOOO. Covering his dating exploits hurts his cancer work.

Back to Barron’s…they are calling for oil to fall to $100 as the Oil bubble bursts…maybe. Big blaring cover story.

Wow…great.

First of all, $100 oil will offer no help to the damage we have in motion…$60 oil might. Actually, for the long-term interests of global economies, persistent $130 oil and even $200 oil will likely generate more change and long-term energy benefits.

Persistent $80-$100 oil will only get more ‘oil barrons’ into the business of speculating and building out supply channels that are the factors that will create a bubble, much like semiconductor barron’s building out fabless plants in Asia at exactly the wrong time.

At this point in history, oil is just poison. The markets are doing as an efficient job as they can to bring about the change we really need. The yutz’s trying to change oil trading are just prolonging our reliance on the poison. We need entrepreneurs and VC money flowing at historic levels to alternative energy, but the amount of VC’s is actually declining (Hint – That would be a worthwhile story for Barron’s or The Times)

What we have now is a nasty spike in price over a 6 month period as airlines and governments panic and speculators and marketmakers profit.

I would write for Barron’s if they ask, but that would be a step down at this point in my career.

Where can you get an IBD in Toronto people?