How Not To Get Taken To The Cleaners On Wall Street

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He says that nobody, and he means nobody knows what the stock market is going to do. One of the biggest lies of all time, a lie that has been shoved down our throats (just turn on CNBC or MSNBC), is that there are people out there who know what a single stock, or for that matter the whole market, is going to do in the near future...
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Nobody knows this. At best it’s a crap shoot. Consider the fact that a stock can do only one of two things. It can go up or it can go down. A 50-50 chance of guessing right each time. The market is binary. It’s a coin flip. One person in a thousand will guess the flip of a coin ten times in a row...
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