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John Paulson: Long Financials [View article]
What was released is based on what he had bought. Paulson has "already" made money in those investments.
What is idiotic is how the media has been using this as "another marketing tool" to convince mom and pop americans that they have to be in the market.
For God's sake what it wrong with average Americans? Are they really falling for this total bulls*it? Have they sunken that low in their intelligence that they not only need CNBC to tell them what they want to hear but now they are simply going to follow the moves of someone like Paulson who bought the stocks 50% ago?
I apologize for my comments but I guess that explains why the average American's net worth is still back at 1999 levels.
Until average American investors take it upon themselves to either start thinking for themselves or at the very least listen to people like myself who tell them what they "need" to hear not what Wall Street "wants" them to hear, they are going to continue to lose money in their investments.
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