It’s sad that terrible advice is so freely dispensed in tough times. Investors are at their most vulnerable, reeling from the market selloff. Many in the financial media see this as an opportunity to boost ratings and generate revenue for the big brokerage firms that support them with huge advertising budgets. They seem indifferent to the harm caused to those who rely on the misinformation they disseminate.
There are so many examples it’s hard to know where to begin. Here’s a sampling.
Cramer leads the charge
Read the rest of the article at The Huffington Post.