{"id":36825,"date":"2013-06-18T05:12:52","date_gmt":"2013-06-18T10:12:52","guid":{"rendered":"http:\/\/www.shotinthedark.info\/wp\/?p=36825"},"modified":"2013-06-18T05:12:52","modified_gmt":"2013-06-18T10:12:52","slug":"bearish-on-the-bird","status":"publish","type":"post","link":"http:\/\/www.shotinthedark.info\/wp\/?p=36825","title":{"rendered":"Bearish On The Bird"},"content":{"rendered":"<p>Is Doug Kass right about the stock market?<\/p>\n<p>Who knows?\u00a0 I mean, given the almost-unanimous pollyannaism that&#8217;s broken out in the parts of the financial media that get quoted on the MSM, I&#8217;d suspect contrarians are right just based on knee-jerk hunchism.\u00a0<\/p>\n<p>But when it comes to Twitter, <a href=\"http:\/\/www.cnbc.com\/id\/100821025\">I think he&#8217;s got a point<\/a>; Kass is giving up on the popular social media site:<\/p>\n<blockquote><p>&#8220;Unfortunately, there are many haters in the social blogosphere, who, perhaps because of their own issues, drown out the many good people who want a value-added investment experience by learning more and enjoying a healthy dialogue in real time.&#8221;<\/p><\/blockquote>\n<p>Twitter <em>has <\/em>become dominated by people whoarewhat Laura Billings warned bloggers were a decade ago; a combination of raving loners and paid human (give or take) copy-and-paste-bots who clog all discussion with ranting or recirculated drivel.\u00a0<\/p>\n<blockquote><p>&#8220;Unfortunately, there are many haters in the social blogosphere, who, perhaps because of their own issues, drown out the many good people who want a value-added investment experience by learning more and enjoying a healthy dialogue in real time.&#8221;<\/p><\/blockquote>\n<p>Time for a companion book to James Surowiecki&#8217;s huge <a href=\"http:\/\/www.amazon.com\/The-Wisdom-Crowds-James-Surowiecki\/dp\/0385721706\">hit <\/a>of about eight years ago;The Idiocy Of Crowds.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Is Doug Kass right about the stock market? Who knows?\u00a0 I mean, given the almost-unanimous pollyannaism that&#8217;s broken out in the parts of the financial media that get quoted on the MSM, I&#8217;d suspect contrarians are right just based on knee-jerk hunchism.\u00a0 But when it comes to Twitter, I think he&#8217;s got a point; Kass [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31,63],"tags":[],"class_list":["post-36825","post","type-post","status-publish","format-standard","hentry","category-blogs","category-lefty-alt-media"],"_links":{"self":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts\/36825","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=36825"}],"version-history":[{"count":1,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts\/36825\/revisions"}],"predecessor-version":[{"id":36826,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts\/36825\/revisions\/36826"}],"wp:attachment":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=36825"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=36825"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=36825"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}