Is Howard Gold paid to deceive you?

On May 9, 2008 Howard Gold writes an article that tries to persuade you that America is not experiencing a bear market scenario. He actually tries to talk you into staying the course! May 2008, Dow Jones at 13,000 and soon to drop to 6,500.

Now on February 13, 2010 good old Howard Gold is ready to tell you again that you should just stay in and ride it out! Relax, it's just a correction!

Can you believe this guy still gets paid to write these articles?

Here's his rundown at Market Watch

I wish someone designed comprehensive software that measured the accuracy of pundits in order to keep tabs on the failures.

His 2008 article is a fortune telling fail.

He is just writing fluff pieces to fill up space. He may have some good calls, but the internet allows us to see these horrific calls so much easier than in the past. Hardly anybody could pull out a two year old article and reference it if it was published in a magazine or other disposable media.

I've read about people who track Jim Cramer and his results are a strong 50/50. And many of those wins turn to losses if you don't get in and out quickly. You may as well flip a coin.