Posts Tagged ‘Wall Street lies’


The dangers of fuzzy thinking about money

It often shocks me to see what passes for “journalism” these days in publications many people put their trust in, like the Wall Street Journal.

Slow and Steady Saving?A recent article in that publication titled, “Slow and Steady Saving Still Pays,” is a classic example of what happens when you use fuzzy thinking and math… and expect to convince readers of your position.

Sadly, I suspect many readers did lap this article up because, after all, it was published in the Wall Street Journal.  They wouldn’t lie to us or lead us astray, would they?!?

I don’t think this article was intentionally written to mislead you.  I believe the author has just been as brainwashed by Wall Street as most Americans have been.

So what ARE the problems with this article?

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Dow 36,000? What were they smoking?

Ten years ago this week, the book, “Dow 36,000: The New Strategy for Profiting from the Coming Rise in the Stock Market” was published.dow_36000_1

It became a best-seller. And, according to a recent article in the Wall Street Journal titled “Lessons of a Bull Market That Never Happened” (9/20/09):

Back then, the only people subject to sustained derision on Wall Street were those who dissented. Anyone who warned that shares might disappoint was ignored. The few predicting a crash — let alone two — were considered cranks.

Yet, in spite of the current stock market rally – one of the steepest in history – the Dow is STILL below where it stood in September 1999!

How many times during those years were your hopes raised, only to be dashed again and again?

Wall Street has some “dirty little secrets” they don’t want you to know about, but I reveal them all here.

Interestingly, one of the authors of that book recently said he still believes the Dow will hit 36,000.  Meanwhile, there’s some guy now predicting the Dow will go down to 1,000!

What do YOU think will happen… and why? You can voice your thoughts below…