Stephen Roach is OVERPAID…So is EVERY Wall Street Analyst

I think he works for Morgan Stanley. I know for a fact he is overpaid.

He should have to support his salary with ads from a blog. Than he could justify what he’s worth…not much.

Smart? For sure. Done his time? I guess.

Would I read him…NO!

He may be for you and that’s fine, but I rely on prices. That’s the collective state of all that matters. The stock market is a predictive indicator I guess (the textbooks say so), but I don’t give a shit about 6 months from now. If you spend less than you make, you don’t need to know either.

Watching prices has helped me give you a pretty damn good road map for free the last 2 plus years. The good news is I am looking at the same stuff as you. No fancy equipment, no streaming live quotes anywhere. Same blogroll you can read. No tricks.

Take the extra time from reading his 50 page missives about the economy and watch the all-time high and low lists. It will tell you all you need to know about where we are and where we MAY be heading. He has no better clue than a monkey in the end. If he did, he would’nt be working at that writeoff haven of a bank.


  1. Bruce says:

    Roach, Barton Biggs, Abbey Jo & the like

    all overpaid bs artists who apparently don’t get paid to be right

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