RE:RE:RE:Eric Nuttal On MarketCall This MorningThat's fair enough. I still can't give Nutall and Schaecter a pass though. Nuttal sells into recommendations he makes to the public. That's a clear conflict of interest and he's just trying to save his job with the fund. Look at his past picks, TCW was the one I picked up on but there are others. He went on 3X recommending that people back up the truck on it, on the 4th visit he told the interviewer that he's been unloading it the last year. That's not cool.
Schaeter has a newsletter to sell. I get it, must be a tough business at the moment. He tends to put outlandish targets on stocks. BXE was the one that made me laugh yesterday. It's a 10 bagger. The only contention is that they are currently negotiating relief from debtholders. My oh my. When your top pick (which does create the bnn bump so people are buying) is a 10 bagger, but the risk is 0, that's nuts. Call it what it is. A gamble. Black or red, which is going to happen.
But like I started with, your observation is fair for most managers, I just can't cut these two any slack.