One of the biggest issues in financial media is the lack of truth, trust, and transparency when it comes to the track record of “pundits” who offer investing ideas to the public. There are guys like Nouriel Roubini who remain media rock stars despite the fact you’d be broke if you followed his advice over the past year. Then there are the permabullish Jim Cramers of the world who earn millions without beating the S&P 500 (NYSE: SPY).
Well, now we offer the entire world the chance to record the public investing ideas of all the pundits. All you must do is supply a link for your citation, and we can start holding all the pundits accountable for their calls.
We believe this open source community is so important, we expect our public picks to be recorded as well. A few weeks ago we discussed Gold (NYSE: GLD), Systemax (NYSE: SYX), and PetMed Express (NASDAQ: PETS) on Fox Business. Those picks are fair game for critical analysis — as are everyone’s.
So, without further ado, we bring you the beta launch of Wall St. Watchdog. We have plenty more work to do, but we want your feedback and participation now that the foundation is built. It will literally take a village to keep Wall Street honest.