In the 2016 presidential election, the MSM abandoned all pretense at objective journalism by going whole-hog for Hillary Clinton and the Democrat Party. See:
- NYT openly advocates abandoning objectivity in reporting on Trump
- NYT calls on Google to hide Hillary Clinton’s failing health
- Fake News: Newsweek didn’t write or read fake ‘Hillary won’ cover story
Having abandoned the pursuit of truth, it should not surprise that the MSM’s rigged polls and reports of an inevitable Hillary victory proved to be very wrong. Instead, the media who actually were reporting the truth are the Alternative or Independent Media, including little blogs like Fellowship of the Minds.
For that reason, after the election, Democrats and their willing accomplices in the MSM turned their fury at the Alt Media. Washington Post led the way, citing a shadowy and anonymous group with a website called Is it Propaganda or Not? (PropOrNot) as an authoritative source that identified a List of 200 Alt Media websites as “fake media” that traffic in “fake news” that, intentionally or unconsciously, promote Russian propaganda. See:
- FOTM made the List of 200 secret-Russian-agents websites
- It’s War. Time to choose which side you’re on
Now, a renown financial analyst has confirmed the efficacy of the maligned Alt Media.
ValueWalk is a website on financial news and information for investors. From its “About” page:
“Since its inception in 2010, ValueWalk.com has grown to become a global leader in breaking financial industry news- with a focus on value investing, hedge funds, large asset managers, and value investing. We have provided beneficial information for the purpose of value investing for value investors. The site contains archives of famous investors, and many investor resource pages . . . . ValueWalk.com is well known throughout the value investing community to be a key source for both current and continuously relevant content. It is read on a daily basis by senior level executives at the largest banks, hedge funds, asset managers and Fortune 500 companies.”
Mark Melin reports for ValueWalk, Nov. 30, 2016, that JP Morgan just issued its 2017 market forecast, titled 2017 Outlook — More Upside but Greater Uncertainty, which predicts stock market investment risks in 2017 will be greater than that in 2016, but overall stocks should edge higher. Although a recession is a “volatility concern,” JP Morgan considers the probability of a recession at only 28%. Investors are advised to “keep an eye on increases in bond yields and strengthening of US dollar as [market] volatility trigger points”.
One of the report’s authors is Marko Kolanovic, Ph.D., the Global Head of Derivative and Quantitative Strategies and Senior Analyst at JP Morgan Chase & Co, Research Division, whose “almost soothsayer ability” had earned him the nickname “Gandalf” — as in Gandalf the wizard in J.R.R. Tolkien’s Lord of the Rings.
As reported by ValueWalk, to understand market risks, Dr. Kolanovic counseled that “Given the failure of many traditional data sources to anticipate geopolitical developments this year,” investors should not limit their information sources and analysis to those only in the mainstream. Instead, investors should look to traditional and non-traditional sources, including “independent media outlets” that are mocked by some as “fake news”.
To Washington Post and the other corrupt MSM: