"Humorous" letter to Fox News

Their stock picks by the "experts" in their show Bulls and Bears has been abominable, and they are joking about it on the air. I find that morally reprehensible, and a whisker above defrauding viewers a la Madoff. I certainly don't see any humor behind it. I'm sure many people watch the show and take their recommendations seriously, losing hard-earned money. So I felt compelled to write this email to them.

Seriously, you clowns are unbelievable. You're laughing on air at showing 98% losses on your predictions?

If you're going to recommend crappy stocks, why don't you at least tell potential viewers to use trailing stops?

And now all you can do is report whether GM should be bailed out or not, when the money has already been made shorting GM for the last 18 months. Perhaps you should instruct viewers to read publicly available financial statements to understand GM was burning $6.9 billion a quarter and was running out of cash. Or perhaps maybe you experts should read them yourselves. Perhaps you should have reported about GM last year, instead of their implosion--after the fact. Gee, their stock is down 90%--NOW you report about it?

You may want to consider upgrading your bubbleheads and interview real experts who are putting their money where their mouths are. People like Bill Gross, Warren Buffett, or Jim Rogers. After all, why the hell should I listen to journalists who couldn't rub two nickels together?

BTW, I've been out of the market since the summer, and am up 95% since November on gold mining shares. Not only have I saved myself from a 50% haircut, I'm up and bottom-fishing. But this is not about me. It is unconscionable that viewers listening to your advice are as well off as investors with Bernie Madoff. Your collective recommendations are no better. Think about that before you demonize Madoff.

Speaking of stocks, could it be possible you could expand your coverage beyond equities? What about the strength of the Swiss franc or the yen? What about the debasing of the US Dollar? What about the next bubble in T bonds? Or is waiting for it to happen ex post facto your forte?

On second thought, please don't change your format, because you are a perfect contrarian indicator. Whatever your "experts" predict, any sane viewer would do the exact opposite. The financial ignorance of the American public is a given. Thanks to media outlets like your shows, you're guaranteeing their destitution.

Thanks for the amusement.