Don’t Be Bearish. The Inevitable End of Bad Advice

[claireokc]

Commentary  “Don’t be bearish.” That was the message delivered by a “Wall Street Journal” article in August 2021, discussing the “new generation” of “financial media stars.” To wit: “As the U.S. retreated amid the pandemic to its couches, millions of would-be stock pickers—some flush with stimulus cash—fired up social-media and messaging apps and dove headlong into the world of retail investing. Many of these influencers have no formal training as financial advisers and no background in professional investing, leading them to pick stocks based on the whims of popular opinion or to dispense money-losing advice.” Since young investors wanted a quick and easy roadmap to make big profits, these online “stars” doling out free advice were the perfect source. ...

Source: https://www.theepochtimes.com/dont-be-b ... 26331.html