Newsletter peddlers and seers of various stripes, from Wall Street research departments to the corner bank branch with a 20-something in his first suit, raise the obvious question: If they hold the key to wealth why aren't they slipping it into the lock themselves instead of selling the secret to the rest of the world?
One reason, obviously, is that they really don't have a formula that will make them rich so to make a living they need to sell advice that purports to enrich their clients.
But another reason, perhaps even more important, is that they long for status that accrues to the brightest bulb that eludes them in other earthly endeavors.
Who knows? Maybe the next Great Carnak will quit hedging, take the plunge, declare a bottom and assure us his visions have been sealed in a mayonnaise jar kept on Funk & Wagnalls' porch.
Until then I'll look at the employment data and the head and shoulder pattern traced by the slumping silhouette of the weary investor. That is, unless you serendipitously run across the next Microsoft (hey! it could happen), Miss Market is that cute girl in high school you were sure had a secret crush on you even when she left the dance with the quarterback.
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