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Good for a laugh amidst the rush of 2013 predictions is New York magazine's collection of 2008...

Good for a laugh amidst the rush of 2013 predictions is New York magazine's collection of 2008 forecasts (via). "Buy some of the most beaten-down stocks, including those of giant financial institutions such as Lehman Brothers, Bear Stearns, and Merrill Lynch."
Comments (6)
  • wyostocks
    , contributor
    Comments (8056) | Send Message
     
    Anyone reading New York magazine who followed their financial advice deserved to lose all their money. But then again, the same could be said about Barrons.
    15 Dec 2012, 11:00 AM Reply Like
  • Tack
    , contributor
    Comments (13401) | Send Message
     
    While there were some dead ducks, many of the financial issues that survived are up 300%, or more, since early 2009. It demonstrates why broad diversification within a depressed sector is always a better plan than cherrypicking a few issues and having too much exposure in any individual issue.
    15 Dec 2012, 11:36 AM Reply Like
  • diadochi
    , contributor
    Comments (224) | Send Message
     
    Yeah, hurts when I laugh. Fortunately I didn't concentrate all in just a few tickers, and the gains in the others probably made me whole....but it was a rough ride, and still is.
    15 Dec 2012, 12:01 PM Reply Like
  • Tony Petroski
    , contributor
    Comments (6373) | Send Message
     
    "While there were some dead ducks, many of the financial issues that survived are up 300%, or more, since early 2009. It demonstrates why broad diversification..."

     

    Gee. I went all-in financial issues, worse than that, with leverage, and I got back my principal.

     

    and now I'm looking for my next move...
    15 Dec 2012, 02:46 PM Reply Like
  • Remyngton
    , contributor
    Comments (354) | Send Message
     
    New York magazine is a joke of the highest order ,

     

    and hasn't been good for anything but kindling for 20 years
    15 Dec 2012, 08:19 PM Reply Like
  • sheeple2012
    , contributor
    Comments (203) | Send Message
     
    Ben Stein might have written the article... somehow this clown is still on the tube...
    15 Dec 2012, 08:59 PM Reply Like
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