Lets talk about Zero Hedge. Who is the wizard behind 'Tyler Durden'?
A 30-year-old New Yorker who was barred from the securities industry last year may be behind an increasingly popular financial blog known as Zerohedge.com, which is catching flack for its obsession with anonymity.
Daniel Ivandjiiski, whose most recently listed address is on the Upper East Side, was barred last September by the financial industry’s self regulatory authority, FINRA, for insider trading.
Ivandjiiski is also suspected of being one of the founders of controversial financial blog Zerohedge.com, sources tell The Post.
Ivandjiiski didn’t return requests for comment, but he recently told industry publication Hedge Fund Alert that while he writes for Zerohedge, he’s not a founder.
“He denied that he was a founder. He said he was just a contributor,” Hedge Fund Alert Managing Editor Howard Kapiloff told The Post.
Ivandjiiski told Kapiloff that he’s one of several writers who contributes to the site under the pseudonym “Tyler Durden,” the charismatic, psychopathic alter-ego of the main character in the book and movie “Fight Club.”
That being an abstract of this much better, in-depth article
http://nymag.com/guides/money/2009/59457/
The site says its mission is five fold:
-to widen the scope of financial, economic and political information available to the professional investing public.
-to skeptically examine and, where necessary, attack the flaccid institution that financial journalism has become.
-to liberate oppressed knowledge.
-to provide analysis uninhibited by political constraint.
-to facilitate information's unending quest for freedom.
The other assumption of some one reading the Zero Hedge post or the Streetwise reference to it is that the author(s) is/are trying to drive down the price of Canadian bank stocks. Perhaps because they are short the shares, or because they want to get in cheap.
Reading what Zero Hedge calls its non-policy on conflict of interest, you should assume that's what they are doing. They say as much. Here's a link to the policy, but here's the upshot, in Zero Hedge's inimitable style:
"So how do we plan to handle conflicts? We don't. You should assume that at all times we are so totally just talking our book it would shock and awe you like the unexpected, early-morning arrival of a cluster of BGM-109C Tomahawks (were you a believer in the importance of "optics" that is)."
And if that's not clear enough, Zero Hedge goes on to say:
"The reality is, critical readers should read analytic posts and the rest of Zero Hedge with the blanket assumption that the author is totally 'conflicted.' (Phrased more logically, that the author stands to benefit from being right- imagine that)."
http://www.theglobeandmail.com/repo...o-hedge-and-why-should-we-care/article616768/
This perspective you are talking about them adding to found news stories, seems to be generated with an agenda in mind. A self serving agenda that's main goal is sensationalism.
One-stop shop for bears: Zero Hedge enthusiasts find real value in understanding and debating all the scenarios that could bring down the stock market.
"Sure, it's got one view of things. But isn't it nice to get the other side of the rosy, cheery side of every bullish analyst on the Street?" asked Joe Saluzzi, who co-wrote a book on market structure in 2012 titled Broken Markets. "If you were to follow it religiously, then you're crazy. You have to put it into your own investment philosophy."
If some obscure credit instrument sparks another panic on Wall Street, readers of Zero Hedge will likely be familiar with it.
"If you read Zero Hedge consistently you will have every bear case covered. It's a one-stop shop. You will have everything that could go potentially wrong in the economy and geopolitics," said Colas.
The first rule of Zero Hedge: Zero Hedge itself warns readers that making investment decisions based on information posted on the blog -- or any Internet site -- "is more than unwise, it is folly."
It's safe to say that those who did make investment decisions based on Zero Hedge's bearish views missed or all part of a bull market that has carried the S&P 500 200% higher.
"The contra trade mentality has gotten its [butt] handed to it on a platter for years," said Peter Kenny, chief market strategist at The Clearpool Group. "I turned bullish five years ago. I may have missed 12% of the move -- but I didn't miss 120% of the move."
And yet Zero Hedge's loyal audience doesn't appear to be jumping ship as stocks shatter record after record.
"The people who don't like him will say he was wrong. That's factually correct but misses the point. The fact he's still here and relevant is interesting," said Colas.
http://money.cnn.com/2014/09/25/investing/zero-hedge-wall-street-blog-finance/index.html
It kind of seems that you are using this site as Gospel to fit your predetermined worldview, while disregarding other sources because their agenda doesn't jive with yours. Am I mistaken?