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Author Topic: Financial "experts" are morons  (Read 781 times)
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Moliere
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« on: November 25, 2008, 03:59:06 PM »

Great video of Peter Schiff getting laughed at for the last two years as he predicts exactly where we're at today.

Art Laffer making a fool of himself talking about the wealth of stocks and home prices.

"The financials are super bargains." Ben Stein was recommending that you buy Merrill Lynch when the price was at $76. Today MER sits at $12. Thanks Ben.

Tracy is recommending Goldman Sacs when the price was $175. Today GS sits at $73.

Charles Payne's best stock of 2008 was predicted to be Washington Mutual. At the time it was trading for $13. Today, well its at $0.03. Thanks Charles. He also predicts that the Dow will go to 16,000 in 2008. Hmmm, the Dow is currently at 8500.
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Pyperkub
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« Reply #1 on: November 25, 2008, 05:39:43 PM »

I remember about 2 years ago my advisor trying to get me into a REIT (Real Estate Investment Trust).  I think that would have been worse than my current losses by a longshot.
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Caine
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« Reply #2 on: November 25, 2008, 06:51:39 PM »

i think it's safe to say that nobody can really predict where the market will be with 100% certainty.   
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