If there is an iron clad rule in economics, it is Stein’s Law (named for Herb, former chariman of the Council of Economic Advisers)

 “If something cannot go on forever, it will stop”   lol   (Hmmm.....was he talking about the stock market?) 

 

 

From my notes at church in the past couple years: 

NO Reserves, NO Retreat, NO Regrets

 and........

In the rat race of life, just when you think you’re getting ahead, you run into faster rats

and......I LOVE THIS ONE.......

Just coming to church doesn’t make you a Christian, any more than going to McDonalds makes you a hamburger. 

 

And......I was mailed a flyer in Feb, 2008........and it said:

 

Century Petroleum is Going to make YOU a  FORTUNE.   Buy it now (symbol) up to $1........before it heads above $20.

It went on to say...

"I am a profit-stock picking legend.  It's simple......I issue the buy-signal, you buy the shares, then we watch the stock price go ballistic and you decide what to do with the profits.  Wake up and get on the money train....."    and on and on it went.

 

So.........I decided to follow the price of this stock, and from time to time I run across this flyer to update the track record for this "stock picking legend".......  LOL>....

 

Price at time of this flyer:  2/5/08   $0.71.

Price as of 6/14/09 ?        $0.05      OUCH!!   Mr Legend.......you SUCK!!

Price as of 3/19/11?         $0.02       uh oh........

Price as of 1/1/14  ????   $0.00 is the actual price on the symbol. 

 

The problem with a news letter.......a flyer.........a stock recommendation.........or even CRAMER on CNBC?     They can Never be held accountable for their BAD advice!!

 

There is a sucker born every minute..........DON'T BE ONE OF THEM!! 

 

Ah.......JUSTICE!   Here's a story.

The SEC couldn't find Bernie Madoff's $60 BILLION Ponzi Scheme for over 30 years......not even when one guy explained it to them that his returns simply were NOT possible !!

 

And yet.....

 

ONe year ago, the SEC took aim at one of the BEST Financial Speakers I've heard in the last 30 years.......  a guy out of southern California.  LOng story short.....  NOT ONE OF HIS clients cried "fowl" about having lost ANY money......  and yet, the SEC fined him and took away his license, because they didn't believe his presentation to the public, in seminars, was "properly back tested."

 

WTf ?   (What the frick?)     

 

BTW........a person CANNOT sue the SEC for NOT having caught Bernie Madoff before they lost their life savings.  Why?  They are EXEMPT from suit !! 

 

And yet.......how does a flyer like the one I quoted above have the legal ability to be mailed to God only knows how many people with the outrageous and misleading statements in the flyer?????

 

Ah........justice.........  not in THIS life !!

 

YFIC,

RAndy