Intoxication

Maria Bartiromo circa 2001:“I am of the belief that theindividual out there is actually notthrowing money at things that theydo not understand, and is actuallyusing the news and using theinformation out there to makesmart investment decisions.”1

A bipolar prediction came across my desk recently: “If the market rises over the next several weeks, today will have been a good day to buy. However, no one can know the answer today. Every day there seems to be a surprise. We don’t know how to predict the behavior of foreign countries or their attacks.”

The nonsense doesn’t stop there. While on the East Coast recently, I was listening to an AM radio finance show. An older man called in to ask how he could buy into various commodity markets. ...

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