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People who had invested their life savings in the stock market were ripped off in the stock market because the financial news media and analysts were hyping up what a great buy stocks were at the very top of the market in 1999 and 2000. Also, don't forget that I show you how to focus on what is important to identify stocks that are low priced but unlikely to go lower because the insiders may be buying them up and I show you when to sell when the same insiders are likely dumping the same stocks on the public in my course 'The Blue Collar Base Bonanza ' What the insiders [definitely] don't want you to know!' You can get more course information on the course website at www.BaseBonanza.com.

Recommended reading:

1.

The defile innovations we have head over heels us today like the internet, financial newspapers, and special interest television channels focused on investing like CNBC are a high speed pipeline of nonsensical chatter. All these sources of information mean that there is no shortage of media people trying to effort our questions everywhere the stock market and specific stocks. You have to remember that the news media are constantly competing to survive towards other stuff you can watch. If they don’t unchangingly sound like they know exactly what is going on then you won’t watch their presentations. If you don’t tune into their show then their ratings go down. If their ratings go down they get fired and their show gets cancelled.

This means that financial journalists are in the commercial enterprise of finding great stories and sounding like hierarchy no matter what. The stock market is a great place for them to dig up news ‘scoops’ to feed to the public. They don’t really check out their facts very well and sometimes not at all. This means that if some insider wants to feed you a line of bull manure then all they have to do is maintain good connections with financial journalists, sponsor an investment show, or outright buy an investing TV rut like Jack Welch, the CEO of GE, did when he set up CNBC. What a great way for inside executives to control the flow of news information to the public then to undoubtedly own one of the only financial news channels…but not so great for you!

These journalists also kick up the fire by bringing in so-called ‘experts’ to talk surrounding each side of some topic that real experts would not consider important. This just makes it all the more confusing for the public to understand what is important when consumerism or selling a stock. Shows on CNBC like ‘Closing Bell’, ‘Kudlow & Company’, and ‘Mad Money’ do nothing but confuse and misdirect the TLC of most individual investors in the public. Even worse this means that the financial news media allows overpriced stocks to be recommended through analysts in the inside web that inside executives are dumping on the public now they are trying to get out. This noticeably happened at the top of the bull market in 1999. For a great historical description of what happened read Maggie Mahar’s book entitled “Bull.”

The famous Yale University Economist, Prof. Bob Shiller, Ph.D. is particularly harsh on the media in his book “Irrational Exuberance.” Dr. Shiller is one the economists that Alan Greenspan respects most and where he got the term “Irrational Exuberance.” He portrays the media as sound-bite-driven where superficial opinions are preferred over in-depth analyses. I own whole heartedly with him and contend that it is also done just considering the industry would rather have the retail investor confused and emotionally pliable to get you to buy and sell when they want with total disregard for your best interests!

People who had invested their life savings in the stock market were ripped off in the stock market as long as the financial news media and analysts were hyping up what a great buy stocks were at the very top of the market in 1999 and 2000. At the same time inside corporate executives were selling out everything they had. What is stunning is that our functionary government in the form of the Security Exchange nominate never did a thing only a step it. There was never an shroud case taken or an outcry that bordering on all of the inside executives had somehow magically sold out of the market six months in front the market crashed.

Here is the valuable tip I want you to consider in this issue of “The Wallet Doctor”: when you are a craftsman investor it is important that you DO NOT WATCH THE FINANCIAL NEWS OR READ THE FINANCIAL NEWSPAPERS! Don’t let the stock market industry lead you all over by the nose like livestock to the slaughter house. Don’t listen to what they want you to listen to. You should focus on learning what is important in the stock market and the mass media will only confuse you until you have educated yourself. Also, don’t forget that I show you how to focus on what is important to identify stocks that are low priced but unlikely to go lower since the insiders may be shopping them up and I show you when to sell when the same insiders are likely dumping the same stocks on the public in my course “The Blue chain of office Base flow – What the insiders [definitely] don’t want you to know!” You can get more course information on the course website at www.BaseBonanza.com.

Recommended reading:

1. Mahar, M. Bull! A History of the Boom, 1929-1999 (New York, HarperBusiness , 2003)

2. Shiller, R., Irrational Exhuberance, (New York, legitimate stage Books, 2000)

I wish you the great myriads in your life you deserve inasmuch as of what you are and don’t forget that happiness is found only in the precious present moment!

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