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Oh gag...
I just received a glossy information packet in the mail today
touting "best selling financial author and educator" Wade Cook's
seminars and books. The pitch features "Outrageous Returns" and
"Income Formulas" audio tapes.
Now you *know* it's time to get out of the market when the
investing public gets this stuff in their mailboxes. Brokers and
"financial educators" are literally scraping up retail investors (or
purchasers of their wares) in the same mailboxes that Pizza Hut and
Kentucky Fried Chicken advertize.
Predictably, Wage Crook is directing his scams towards those who
are looking to turn their poor financial state around or who are
just plain greedy, with his "180 degree Cash Flow Turnaround Video
Seminar" and statements like "Wade Cook WANTS YOU to declare
financial independence".
But here's the scary part...
"You are in exactly the right place and the right time to cash in
on the Wall Street boom of the 90s. You can make more money now
than you ever thought possible and you can do it without unecessary
risk.... As the Dow apporaches 10,000 *fortunes are being made* by
those who are lucky enough to ..... blah blah".
No... you are in exactly THE WRONG place and time to get in on the
market, now that the bull market is showing its age and the Dow is
approaching what could be its zenith at 10,000. And with "as
little risk as necessary?" Necessary to whom?
Eeeyyyukkk....
- Hacker
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