5 Of The Best Interviews From Benzinga's #PreMarket Prep
In honor of the one-year anniversary of Benzinga’s #PreMarket Prep show, the editorial staff has gathered a list of the best interviews from financial pundits, which includes CEOs, journalists and analysts.
This is only the first of a multi-part series taking a look at some of the amazing guests who have visited the show over the past year to share their insight and wisdom:
Josh Brown, CEO of Ritholtz Wealth Management and author of “The Reformed Broker” blog
“The market is rigged. The market has always been rigged. It doesn’t matter ... At the end of the day, this thing started off rigged. It will always be rigged. There will always be a contingent of people who reap an asymmetric benefit relative to the rest of the crowd. And my answer to that is, ‘Who cares?' If you're really trading because you think you have an edge on a penny-by-penny basis, well, then it's a problem for you ... The way to defeat high-frequency traders is to be a low-frequency trader, plain and simple.”
Doug Kass, President of Seabreeze Partners Management
“Forecasting perspective market levels out 12 months or more is an imprecise art form. To me, it requires probabilistic decision-making using imperfection information about an inherently unknowable future. When you start going over 12 months, it’s more of a function of one’s philosophy than an investment prediction, but we try, especially within the next 3 to 12 months, to figure it out.”
Kristin Bentz, President of Talented Blonde LLC
“I just think we are in the middle of a retail apocalypse in this country, and there are very few retailers that are prospering, that are growing, that are doing well. I don’t find any pleasure in it at all, but it’s just kind of something that you have to face the facts out there that retailers aren’t doing anything. They’re not innovating. They’re not trying to go out there and get that millennial dollar.”
Paul La Monica, Digital Correspondent at CNNMoney
“There is just an amazing amount of data that’s out there and opinion. Some of it’s good, some of it is not of great quality, but I think all in all, it is nice to have the market seem a little more democratized, if you will. And I think also, I don’t know if it’s just that the bear market of 2000 and then again in 2007 maybe shook out some of the people that had been treating stocks as more of a game as opposed to an actual career or something that’s a passion, I find now that when you look at sites like Twitter, like Stocktwits, and you see people talking about stocks, it is more intelligent even within 140 characters than the old late-'90s message board days.”
John Melloy, Former CEO of Stocktwits
“I think the VIX, now that you’ve got multiple ETFs racking it, you’ve got a lot more active options activity, derivative activity, on the VIX. I don’t think it’s as good of an indicator as it has been in the past. The big banks are also not as actively involved in that kind of thing as well in the options market. In general, even if you do say the VIX is a good indicator, it’s never been a great indicator of when the exact time is to sell."
Don’t forget to tune in to Benzinga’s #PreMarket Prep Monday-Friday 8-9:45 a.m. ET all of the premarket info, news and data needed to start the trading day.
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