Alan Skrainka changing his tune!

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Jun 30, 2010 12:29 pm

Hear Alan Skrainka, introduced as an "independent market analyst" on NPR (communist radio) last night on my way home providing commentary regarding yesterday's drop.  Boy was he singing an entirely different tune than the usual drivel that comes out of the green machine.

Glad to see that he actually has synapses that fire between the ears.  Looking forward to seeing if there is any divergence in his thoughts in his "post jones" era.

Jun 30, 2010 12:33 pm

I'm glad you're listening to NPR. I don't get the "communist" part, I figure it's just your joke. I think we need to get our information from at least 3 sources to stay current.

Jun 30, 2010 9:40 pm

Why don't you call him a racist right wing bastard? You know you want to.

Jun 30, 2010 9:41 pm

oh yeah and a Glen Beck #$%^ sucker!! Come on Navet let em have it. That comment was uncalled for, right?

Jul 1, 2010 11:12 am

[quote=matt1957]

Hear Alan Skrainka, introduced as an "independent market analyst" on NPR (communist radio) last night on my way home providing commentary regarding yesterday's drop.  Boy was he singing an entirely different tune than the usual drivel that comes out of the green machine.

Glad to see that he actually has synapses that fire between the ears.  Looking forward to seeing if there is any divergence in his thoughts in his "post jones" era.

[/quote]

Can you elaborate?

Jul 1, 2010 11:33 am

Basically said that people don't know where to put there money.  Debt markets stink because of sovereign debt issue and US deficit spending, coupled with fear of double dip as unemployment continues and those benefits end.  Companies hoarding cash...blah, blah, blah. 

Basically said to keep it in cash.  Something that never would have come out of his mouth at Jones.

Does that help any?

Jul 1, 2010 12:55 pm

ND, I know I shouldn't ask, but I am curious. What is it like to be married to your cousin? Do the kids come out normal?

Jul 1, 2010 1:20 pm

Nice....

Jul 1, 2010 1:50 pm

[quote=matt1957]

Basically said that people don't know where to put there money.  Debt markets stink because of sovereign debt issue and US deficit spending, coupled with fear of double dip as unemployment continues and those benefits end.  Companies hoarding cash...blah, blah, blah. 

Basically said to keep it in cash.  Something that never would have come out of his mouth at Jones.

Does that help any?

[/quote]

Yeah, thanks.  I was just curious what he was saying.  Interesting.  You're right, the word "cash" has never been uttered by a Joneser as long as I've been here.  I wonder if maybe he had always wanted to be honest with the advisor force, but the "company line" was to always stay invested.  You have to believe the guy knows his stuff.  Seriously, most experienced analysts know the deal, but in his case, he had to preach "staying the course".  I wonder if that was part of why he clashed with fellow management.

Jul 7, 2010 3:12 am

It's kinda nice to hear him say something from his "own" mind. I respected him while he was there(still do CFA is hard accomplishment to get). The few times I had the chance to meet him he seemed like a pretty solid guy. When he was asked direct questions in smaller groups he did sway from the company line and didn't deliver the regular stuff you would see on company TV. I wonder if this will have any effect on the troops? It will be interesting to see how this plays out if he is a regular... Hmmm still trying to figure out which station is NPR and whether or not I'll have to lie to a some of my friends about listening to it. Hopefully there will be a different way to get his commentary then to have listen to NPR. Better of volunteering to work for Primerica..oops

Jul 20, 2010 4:18 pm

I am not sure what to think of Big Al's comment. He once told a table full of FAs at breakfast that he would never advise clients to get out of the market, even if he knew a crash was coming. So, yes, maybe he did have an internal conflict with the blind "buy quality, diversify, and hold for the long term" credo Jones preached during my 8 years there.

Seemed to me they took alot of their research from American Funds.

I sure dont miss EJ...wish I'd made the move 3 years ago! LPL was the best choice at the time, and in my estimation, remains so.

Jul 20, 2010 4:44 pm

I can't think of many skilled analysts that would ever advocate to "never" get out of the market.  And I have to believe Skrainka had some skills after 25 years of analysis of the markets.  It makes one believe even more strongly that the "Gang Green" got the better of him. 

It's no wonder that the one 3rd party analyst (Market "sage") that Jones loves to quote is Jeremy Siegel.