5 biggest lies on Wall Street

As the stock market booms, these common myths are again making the rounds. Buy into them at your peril.

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187Comments
Mar 6, 2013 12:50AM
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Here's a non myth.  People hate it when internet articles are split up into annoying slideshows.  If you must do this, please at least add a "show all on one page" button to give people the option of not having to load 13 frikken 1-paragraph pages to read it.  Thanks.
Mar 5, 2013 8:29PM
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The fiasco in the markets chased away the small investors.  Too many companies were cooking the books.  Many mutual funds did not recover their value or they recovered their value only after the small investors finally sold out.  Nobody came out with any of their retirement savings left and everybody expected the investors to jump right back in.  What, are they kidding?  Nobody went to jail.  I swore off the market when I found out that the entire Congress was making billions of dollars on insider trading and nobody told the American public why we couldn't make anything.  Of course, we couldn't.  We didn't know what all these other people knew.  The fix was in.  How do we know it still isn't?  I still can't believe they put Martha Stewart in jail for what Nancy Pelosi and Harry Reid have been doing for years.  It is criminal.  The SEC is a sham and they are in the pocket of Congress. Shame on them for pretending to be a watchdog, when in truth they have done nothing but legitimize stealing.  They have allowed our politicians to do the same thing to our markets that nobody was supposed to be allowed to do.  Wall Street is as evil as they come.
Mar 5, 2013 10:13PM
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The stock market is no place for the small retail investor anymore. The new breed of risks aren’t worth the potential reward. The last thing I need is to get caught in the middle of a battle like the one going on over Herbalife between Ackman and Ichan. These guys can move the stock price by manipulating the media and lobbing billion dollar bombs back and forth at each other while all I have to defend my position is a few rocks to throw at them. No thanks.

 

Warren Buffett was at least being honest when he said over ten years ago that 95% of all people invested in the stock market shouldn’t be there. Let the hedge funds and mega-rich have it to play with themselves. We’ll see how much money they make when they don’t have the rest of us to siphon from.    

Mar 5, 2013 9:01PM
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Biggest lies on Wall Street?? Wall Street is a lie...
Mar 6, 2013 8:42AM
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The entire stock market and federal reserve is a lie.
Mar 5, 2013 9:44PM
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And don't think we can raise 1.300 trillion in taxes from the rich.  YOU WILL BE PAYING very soon, one way or the other.  European socialist middle class pay a lot more in taxes than the middle class in America.  And at some point the middle class will be paying much higher taxes, but not to pay for their healthcare, retirement, daycare or anything else, but just to pay the trillion dollars in interest on the debt run up on the gravey train Santa Claus Obama years.  Don't like the sound of any of this.  Ok give it a thunbs down, and sleep well.  Because of course denying a thruth is so comforting. 
Mar 6, 2013 7:20AM
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the biggest lie was 401k  if the little guy  had not been forced into the  market  it would of folded  years  ago . there is a man in  jail over his pyramid  scam. but nothing was ever said about the 401k
Mar 5, 2013 10:19PM
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"someome" called it a long time ago. when he said, "BEWARE the MONEY CHANGERS" Personally, I can find no benefit  ttttthat the stock market provides society, only congress and the rest of the people with so much already that they play the odds just like Vegas.

Mar 5, 2013 9:38PM
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What we have to fear is the delusion of the left.  Heck the sequester is 85 billion, not even a cut but a reduction in the rate of growth of federal spending.  The delusional Democrats just seem to think we can continue to borrow Obama's 1300 billion, or 1.3 trillion, in debt each year.  I say delusional because they don't seem to understand that when interests return to normal or worse higher than normal due to the size of the debt, each trillion in debt will cost us 50 billion, nearly the total of the sequester!!!  Is anyone listening?  Obama's 20 trillion in national debt may soon be costing us 1 trillion in interest on a 3.8 trillion budget!!!!  Then let us see what real cuts are.  This is a receipe for a economic tail spin.  You borrow two trillion, one to pay the interest and one to pay for the Santa Claus Democrat gifts?  Really?  Then the next year you have 1.1 tirllion in interest.  These people are delusional or just plain intentionally wish to distroy the country so as to be banana republic elites ruling the show.
Mar 6, 2013 9:18AM
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Newsflash: The economy is not recovering.  When people are talking about 3% growth MAYBE in 2014, that is not recovering.
Mar 6, 2013 6:59AM
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Here is the deal. Buy when everyone is selling. Sell when everyone is buying. Its hard to buy when the market is crashing but in reality its the only way to play. 9 out of 10 of the financial experts tell their clients the opposite especially the 401k robbers who rape your paycheck. But those same people who tell you NEVER to time the market do exactly that in their own portfolios. Take control of your own future tell those guys to f off.
Mar 6, 2013 9:21AM
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Isn't it great when governments manipulate credit markets?  What could possibly go wrong?  Oh yeah, the financial meltdown of 2008-?
Mar 6, 2013 8:43AM
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THE CYCLE OF INEVITABILITY

Birth: A civilization is born out of a void. People work hard and gain from their efforts.

Growth: More people come and work hard. Prosperity comes because everyone works hard and makes gains.

Maturity: Pariah come; make laws so there are lawyers, taxes so there are bookkeepers, money so there are bankers and financiers, bureaucracy so there are politicians, paper so there are administrators.

Decline: People get tired of working so lawyers, bookkeepers, bankers, financiers, politicians and administrators can usurp all power and use corruption to suppress the masses into servitude. Civilization crumbles.

Death: The people rise up and destroy all pariahs.

Re-Birth: A new civilization is born out of the void. A “No Pariah” sign is posted. People work hard and enjoy life.

 

We the People of the United States of America and as registered Citizens do declare the sitting President, members of Congress and the Supreme Court as incompetent; conspiring and colluding with banks and the Federal Reserve to conquer us financially and thereby make their Will exceed our Constitution. We demand that all of these people step down immediately and without device. Their politics, parties and persuasion is hereby abolished and banned from future practice. The United States of America will set in place a new vote to replace all these individuals, employing every registered citizen of this nation 18 years of age or older that is validated alive and conscious. All banks and the Federal Reserve will be shuttered immediately and forthwith to be reconciled and wholly regulated to segregate money handlers. All Stock Exchanges will be closed and all assets reconciled. All monies assigned as debt to the People of the United States shall be reconciled against holdings and cancelled. All Law Firms will be abolished as they are as much militia as any terror group or sect. We the People of the United States of America will restore our economy, balance and stability as a democracy and never again allow one person or group to have Will over our majority. I am a registered citizen of the United States of America and demand these things on this date (write date) and validate this with my printed name and signature.

Mar 5, 2013 9:49PM
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VERY GOOD POINTS YOU WON'T HEAR ON CNBC OR IN MONEY OR OTHER MAGAZINES

 

I WAS ENTHUSIASTIC AND BOUGHT IN 2007 AT DOW 14000+.  SOME OF THOSE FUNDS ARE STILL IN THE RED AND THERE ISN'T  MUCH GREEN.

 

I'M NOT A BEAR BUT I DO BEWARE.  DON'T BUY AT THE HIGH BECAUSE YOU FEEL GOOD LIKE I DID 5 YEARS AGO.  HANG ON TILL IT FALLS SOME, THEN BUY.

 

YOUR GUESS IS AS GOOD AS MINE OR THE TALKING HEADS.... OR THEY WOULDN'T BE TALKING HEADS

Mar 5, 2013 11:56PM
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I would say the US debt is the biggest concerns to all investors, especially to foreign investors.
Mar 6, 2013 8:26AM
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One of the bigger misrepresentations being made is that this rally is broad-based.  It's not.   Average daily volume on the NYSE is about half of what it was just a few years ago.  Volume is really even worse when you consider that HFT is a relatively new phenomenon.  Without it, we'd probably see trading volume at 10% of where it was the last time stocks were trading at these levels.
Mar 6, 2013 7:33AM
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First off... the Dow's record-breaker day really wasn't. We can assume that at least 60% of the Dow's girth is fiat money printed by the Fed and infused into it by member banks. In pre-Obama era dollars- that means the Dow is somewhere south of 6500 points. As for "lies" more like delusions. You can't take a business platform that just spent the last 5 years being an un-business by making most to all of it's profits through stock and bond market movements, to suddenly revert back to being a business, hiring oodles of personnel and returning to viability. It's impossible. The structure won't support such a shift. We all have to realize one really important thing now... that there is a marked difference between business that helps and sustains us, and business in in to win it. We are HUGELY indebted because none of the fiat money printed does anything on Main Street. If you are in the markets you own that debt. As we divorce ourselves from Wall Street to make an economy we can participate in, you in it to win it types get- THE BILL. Keep those check-writing hands limber you'll be writing and writing and writing...
Mar 6, 2013 11:11AM
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And thats assuming one is getting accurate facts verses the fairy tale assessments that companies, banks ,and more frighteningly ,the ratings companies have been handing us as the fiscal truth.When the foxes get to buy and run and rate the security for the hen houses ,then the chickens are all up for fricassee But as a country lets not get upset.
For as long as we can be distracted about abortions and refusing birth control access(which prevents need for abortions ya know), and worrying about preventing two people of the same sex getting married if they love each other. :Let the country be stolen our from under us. The Billionaires will care for us all. 
Mar 6, 2013 11:38AM
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The dollar is losing value gold is twice the price it was in 2007. The market would have to double to be of 07 value. Keep printing FED the crash is coming.
Mar 6, 2013 12:43AM
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Just get a ROTH invest in large capital funds with dividends and look at your portfolio twice a year. By the way you can invest $6500.00 in 2013. Keep reinvesting with dividends and IRA Roth money until you can hopefully work until 65.  and you don't have to withdrawn it....ever!!!  I guarantee you'll make money.  Cramer is a vexation of his spirit...too noisy and dangerous.  Louis was the best...God rest his soul!!! 
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