where is hedgie?, page-13

This comment is not about Hedgie, but Zero Hedge.

I haven't seen too many references to Zero Hedge on Hot Copper. (Thank goodness.) But adherents of the site are many and rampant.

The rationale for the Zero Hedge site is that the Dow is going to Zero. Yes - Zero. Therefore - you should be hedging against that eventuality.

The site therefore pursues a policy of presenting information to support their view: Dow Zero. In particular: politicians are corrupt, the financial system is corrupt, the market is rigged. Retail Investors have no hope.

It is, in my opinion, one of the most biassed, nihilistic blogs in the blogosfear.

Before you give any credence to that site, keep that in mind.

If you want to get some sensible and informed economic information - which is also independent and anti-establishment - in my opinion, go to www.ritholtz.com.

This blog is prepared by Barry Ritholtz, the author of "Bail-out Nation". A recent book giving an excellent analysis of the Global Financial Crisis.

If you want fear and doom and gloom thrust down your throat - go to Zero Hedge. And if you really believe Zero Hedge - forget the stock market, buy up on tinned beans, buy guns and ammunition, a remote block of land and build a concrete bunker.

There are many other good blogs, in my opinion, on the internet. These have some grounding in economics and don't depend for their power on engendering fear in people to get them coming back to the site (and gaining advertising revenue).

They depend on knowledge and reason for their appeal - and some belief that the world will continue on - not in any Pollyannaish sense - but it will muddle through.

Of these, Barry Ritholtz's effort is a good one.

While writing this, I've noted that the major advertisement on Zero Hedge is from Westpac On-line Investing. How ironic.

In case you're wondering, this is not a paid advertisement. :)

Good luck
Red