Financial Journalism should be accurate not balanced – yes this is ref Quindell (and blinkx, etc.)

I note that the FT is now getting it in the neck from Bulletin Board Morons for running articles on Quindell (QPP) and other POS Aim stocks which are deemed not to be “balanced.” Welcome to the club ladies and gentlemen.

Financial journalists should take a view on any given stock. If a publication served up a stream of articles concluding “we don’t know” or “hold” then you have to ask what is the point? We should say whether any stock is going to go up or down.

If a publication consistently gets it wrong then market forces will dictate that it perishes. No-one will bother to follow its advice or read it and it dies. Those whose who take a view and get it right more often that they get it wrong (no-one apart from Bulletin Board Morons gets it right ALL the time) will survive and flourish.

Financial journalists have a duty

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