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Author Topic: BBC Speechless As Trader Tells Truth: "The Collapse Is Coming"  (Read 3583 times)
P4man
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September 28, 2011, 07:34:27 AM
 #21

Reminds me of this:
http://www.youtube.com/watch?v=6zZ_JfROhOE

Relevant part starts at 10:30 (rest is worth watching too).  You'll see the story of a guy that was hippie selling trinkets on India's beaches, who became a trader in London and went on tv as "expert" while didnt know the first thing about finance. By his own admission he hadnt a clue what P/E ratio's were, he didnt even know what the City was. But because he has a pretty face, he got on TV as expert to explain the market. LOL.

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September 28, 2011, 05:18:42 PM
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I'm not sure how he's been losing money in the market, but he's got at least as many credentials as your average investment banker so I doubt it matters.

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October 01, 2011, 12:40:55 AM
 #23

I'm not sure how he's been losing money in the market, but he's got at least as many credentials as your average investment banker so I doubt it matters.

Yeh, I feel like the BBC threw him on there because he sounded the 'scariest'

Fear in the people = higher ratings

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October 01, 2011, 04:41:06 AM
 #24

I'm not following your complaints. Since July, the DAX, DJI and EURUSD have more often than not been in the red. Alessio's from London and spoke to a British audience, most of whom if not shorting the European economy are losing money every week.

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October 01, 2011, 11:18:24 AM
 #25

The newspaper article on him indicated that he lives in his girlfriend's 200K split home, and carries substantial personal debt from a largely moribund business.  Not a paragon of financial strength...
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