Ever since the big bear market of 2000-02, individual investors have been leery of the stock market. Still reeling from big losses and battered by scary headlines about the dollar’s decline, rising interest rates, and trade and budget deficits, they have flocked to “alternative” investments that promise big returns not tied to the stock market. Hedge funds have been the […]
Month: June 2005
Treat television financial ‘experts’ with caution
Paul Kangas, host of the Nightly Business Report, was interviewing New York City investment adviser Todd Eberhard in December 2001: Kangas: “What should we be buying?” Eberhard: “Well, we’re looking at some stocks which are coming out with very good numbers… right now. Examples would be a General Electric, which is trading at about $41 a share.” Kangas: “And also […]
