Friday, July 6, 2012

The Mark Cuban Effect

Mark Cuban recently was quoted in a Bloomberg article reaffirming his dislike for the stock market.  He restated his view that most people should keep their investments in cash and "keep your money anywhere but the stock market."  While Mark is not a world renown stock picker he does have high visibility in the news and for some reason keeps popping up with investment advice.  As it turns out it appears that Mark has an uncanny ability to call market reversals.  Unfortunately he has historically made the OPPOSITE call.
It is something I have termed "The Mark Cuban Effect."