Contrition

Hot Links will not be seen today so that I may make the following Act of Contrition (my other daily linkfest is live at WSJ here)…

This week I committed a handful of violations against the 10 Commandments of the Financial Web.  Although we all learned these rules when they were brought down on stone tablets from the Yahoo Message Board mountaintop in the late 1990’s, sometimes they fade a bit from memory.

And so it was completely innocently and absentmindedly that I violated the Sixth Commandment and for this I am truly sorry.

My apology below…

The 6th Commandment of the Financial Web: Thou Shalt Not Say Anything Neutral About Barack Obama

My commentary about Steve Wynn’s anti-Obama rant on Yahoo Finance earned me several threats and a whole lotta comment section enmity from folks I’m guessing tend to mix up their political views with their investment portfolios.  While I can’t help everyone, I suppose the least I can do is clarify what I had tried to get across:

1.  Steve Wynn is a brilliant businessman who has built billions in shareholder wealth and employs thousands of people.

2.  Steve Wynn let loose with a data-free tirade that, although I thought was kind of cool, wasn’t exactly long on empirical detail.

3.  The reality is that Obama could ride a tricycle down the Vegas Strip with his hair on fire charging Red Stater’s a hundred grand each to light it and he still couldn’t fix the jobs or housing situation with the proceeds.  Because he doesn’t have a way to make people cheaper than technology and the demand just hasn’t arrived yet as we work off historic credit bubble excesses and economy-sapping debt.

4.  And for the edification of the Yahoo Intelligentsia who lie in wait for anyone to express an opinion contrary to their own, I am actually a registered Republican and was living and working in Manhattan the day of the 9/11 attack and in its aftermath.  I brought food to the firefighters, attended the services of those who died, stepped over the debris each day, traipsed through “targeted” landmarks like Grand Central Terminal and Times Square and existed beneath that black carcinogenic cloud for a month – literally breathing the devastation while you yelled at your TV sets.  I voted for Bush twice and then McCain.  Even though both turned out to have been clueless about the economy.  There are several commentators on that board who are convinced that Daily Ticker is a tool of the administration and that I myself have been paid by the Democrats to say the economy isn’t Obama’s fault.  To them I ask, How is the weather on the planet you live on these days?

5.  As for Obama being a “wet blanket” on business, we agree and I think he’s an awful leader.  Where we disagree is on whether or not he can really do anything about long-term mean reversion trends and the post-credit bubble economics that Reinhardt and Rogoff predicted with such alacrity.  It is what it is, but if it makes you feel better to have Obama to blame, be my guest.  Just know that he was clerking for a Senator somewhere when your ideological heroes were busy repealing Glass Steagall and literally chainsawing the rule books that protected us from bankers for 70 years.  George W. Bush was billed as “the most business-friendly President in History.”  How’d that work out for you?

Anyway, I realize that my explanation doesn’t excuse my having had a neutral opinion on Barack Obama so let me just say that I am truly sorry.  I will be sure never to mention the president’s name again without also blaming him for everything that’s gone wrong with your lives.

Mea culpa.

This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

Wealthcast Media, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. Investments in securities involve the risk of loss. For additional advertisement disclaimers see here: https://www.ritholtzwealth.com/advertising-disclaimers

Please see disclosures here.

What's been said:

Discussions found on the web
  1. 脱毛 commented on Feb 04

    脱毛

    […]although web-sites we backlink to below are considerably not associated to ours, we really feel they may be in fact worth a go through, so have a look[…]

  2. vpn commented on Feb 04

    رفع ارور 1009

    Do you have a spam problem on this weblog I also am a blogger, and I was seeking to know your situation we have produced some great methods and we are looking to swap techniques with other people, be sure to shoot me an e mail if intrigued.

  3. گوگل adwords commented on Feb 04

    تبلیغات در صفحه اول گوگل

    We definitely really like your site and discover virtually all of your post’s to be what specifically I’m searching for. Does one provide visitor writers to write content for you? I would not mind producing a post or elaborating on a whole lot of the t…

  4. کولر آبی 18000 commented on Feb 04

    خرید کولر صنعتی

    If you are likely for most exceptional contents like myself, just go to see this web site daily because it presents function contents, many thanks

  5. فیلتر شکن قوی رایگان commented on Feb 04

    رفع ارور 1009

    I do not know if it’s just me or if probably everyone else encountering difficulties with your site. It seems as if some of the written text within your posts are running off the display screen. Can any person else you should comment and let me know if…

  6. قیمت کولر 18000 commented on Feb 05

    خرید کولر صنعتی

    Hey there, I feel your internet site may be getting browser compatibility problems. When I seem at your website in Safari, it looks good but when opening in World wide web Explorer, it has some overlapping. I just wished to give you a swift heads up! O…

  7. گوگل adwords commented on Feb 05

    تبلیغات در صفحه اول گوگل

    Just beneath, are a whole lot of entirely not related web internet sites to ours, even so, they may be definitely actually value likely in excess of.

  8. وی پی ان ایفون commented on Feb 05

    رفع ارور 1009

    I do not know if it is just me or if perhaps everyone else encountering problems with your site. It appears as if some of the composed textual content inside of your posts are operating off the screen. Can someone else make sure you remark and allow me…

  9. خرید کولر صنعتی commented on Feb 06

    خرید کولر صنعتی

    Greetings from Colorado! I’m bored to demise at work so I determined to look through your site on my apple iphone for the duration of lunch break. I genuinely like the details you provide right here and can’t hold out to just take a search when I get r…

  10. گوگل adwords commented on Feb 06

    تبلیغات در صفحه اول گوگل

    Do you have a spam dilemma on this website I also am a blogger, and I was curious about your scenario several of us have developed some nice practices and we are looking to trade techniques with other people, why not shoot me an e-mail if interested.

  11. خرید vpn گوشی آیفون commented on Feb 06

    وی پی ن آیفون

    I’m genuinely making the most of the design and style and layout of your blog. It’s a extremely effortless on the eyes which can make it considerably far more pleasurable for me to occur right here and pay a visit to far more usually. Did you employ ou…

  12. تبلیغ در گوگل commented on Feb 07

    تبلیغ در گوگل ادوردز

    Hi would you mind stating which site platform you are doing work with? I’m organizing to commence my personal website shortly but I’m obtaining a challenging time choosing between BlogEngine/Wordpress/B2evolution and Drupal. The cause I ask is simply b…

  13. دانلود hotspot shield برای ویندوز 10 commented on Feb 07

    رفع ارور 1009

    What’s up it is me, I am also going to this internet site on a normal foundation, this web site is genuinely enjoyable and the viewers are actually sharing excellent ideas.

  14. خرید vpn پرسرعت برای کامپیوتر commented on Feb 07

    وی پی ن آیفون

    Hi would you head stating which website system you are working with? I’m preparing to begin my possess site soon but I’m getting a difficult time deciding in between BlogEngine/Wordpress/B2evolution and Drupal. The cause I inquire is due to the fact yo…

  15. وی پی ان ایفون commented on Feb 08

    vpn ایفون

    make sure you check out the internet sites we adhere to, this sort of as this one particular specific, as it signifies our picks by means of the world wide web