How easily that we accept the recommendations in regard to which stocks to buy from Forbes, Motley Fool, Jubak, and others. Why not have a SEC regulation that forces financial advisers to show past performance records on prior stock recommendations? After what happened in 2008 it is obvious that it is time to "tighten up" the financial services industry. The best way to do this is to have these folks show their past records of performance on all stock picks (not just the chosen few winners that beat the market). Otherwise, my life experience of exposure to these folks tell me that they are overpaid fortune tellers.
Is It Time to Buy? What History Shows [View article]
1) I am not a technician or expert. However, large corporations are only beginning to announce lower revenue and earnings as we write. We are only beginning this bear market. 2) In addition, don't we need to retest the 7500-7600 level on the DOW that occurred on Nov. 21. No, it just cannot be as easy as you have described. 3) There may be substantial tax changes coming next year. History has demonstrated that major tax changes upset the market due to the uncertainty of the effects of the changes.
Best Stocks for 2009 [View article]
Is It Time to Buy? What History Shows [View article]
2) In addition, don't we need to retest the 7500-7600 level on the DOW that occurred on Nov. 21. No, it just cannot be as easy as you have described.
3) There may be substantial tax changes coming next year. History has demonstrated that major tax changes upset the market due to the uncertainty of the effects of the changes.