The Golden Goose is Sick

It is finally catching up with them. The brokerage companies I mean. For years they have been feeding bad food to their flock and now the flock is rebelling. The customer has been low man on the totem pole for too long. That food has been the disinformation that has caused customers to lose large sums of money.

Last year there were 33,000 brokerage company recommendations for thousands of stocks. Things like Strong Buy, Buy, Long Term Buy, Outperform, Underperform, Neutral, and Hold. The one word that was missing was Sell. Of those thousands of messages sent to their clients only 125 were Sell. Something is very seriously wrong here. While the market was going up in 1999 the so-called analysts whose job it is to figure out if the company is a BUY candidate were telling you to buy everything in sight. Anyone could have used a dart and thrown it at the long listing of stocks in the newspaper and hit a winner almost every time.

What happened to the in-depth analysis of the brokerage company geniuses when these same stocks started down. I know - Hold. They call it Buy and Hold, but I call it Buy and Prey. In 2000 over 1,000 stocks on the Nasdaq lost more than 90% of their value and today many of those companies have gone under. Why were you not notified and told to sell? Because the brokerage companies were making more money doing Initial Public Offerings (IPO) than they were making commissions on your trading.

To say the naughty word "Sell" would have made company executives mad and they would not have given the brokerage company a shot at their next Initial Public Offering (IPO). To heck with the customer; he doesn't count. There are cases where analysts were fired because they told clients to sell out.

Now that the lucrative IPO market has dried up maybe the brokerage companies will begin to realize they have a fiduciary responsibility to their customers. Hundreds of thousands of customers' accounts have lost 40%, 50% and more of their equity. If the short-sighted brokers had protected these accounts they would have hundreds of millions of extra dollars left so the customer could trade again which would mean millions more in commissions for the house. Now the dollar cost averaging technique is left with no dollars to invest.

Customers are afraid to put more money in the stock market because they have been so badly abused. They know something is wrong, but they don't know what so they wisely hold onto their money and refuse to pour more into losing propositions. Brokers want the customers to buy stocks and not put their dollars into a money market account where they make no commission.

The golden goose has lost quite a few pounds, but let's hope the brokerage companies have learned that by treating customers with respect and feeding them properly will bring them greater rewards.

Al Thomas' book, "If It Doesn't Go Up, Don't Buy It!" has helped thousands of people make money and keep their profits with his simple 2-step method. Read the first chapter at http://www.mutualfundmagic.com and discover why he's the man that Wall Street does not want you to know.

no-contract cleaning service Mundelein ..

In The News:

Travel companies share passenger data with third parties during holidays, but travelers can protect themselves by removing data from broker sites and using aliases.

Xpeng's humanoid robot moves so realistically that crowds believed it was fake, marking a major advancement in robotics technology ahead of 2026 commercial launch.

Researchers discover phishing scam using invisible characters to evade email security, with protection tips including password managers and two-factor authentication.

iPhone and Android users can reduce battery drain and data usage by restricting Background App Refresh to Wi-Fi connections instead of mobile networks.

Scammers nearly stole an Apple account by exploiting the support system with authentic-looking tickets and phone calls, users can protect themselves with safety steps.

FoloToy restored sales of its AI teddy bear Kumma after a weeklong suspension following safety group findings of risky and inappropriate responses to children.

Threat intelligence firm Synthient uncovers one of the largest password exposures ever, prompting immediate security recommendations.

Viral video shared by Elon Musk shows Tesla's Optimus humanoid robots performing tasks from cooking to construction, garnering over 58.5 million views on social media.

Chinese hackers used Anthropic's Claude AI to launch autonomous cyberattacks on 30 organizations worldwide, marking a major shift in cybersecurity threats.

Apple's new Sleep Score feature gives you a rating for your nightly rest quality. Learn how to set it up on your Apple Watch and iPhone today.

Essential phone settings to enable before losing your device, including Find My network, location services and security features for iPhone and Android.

The Fox News AI Newsletter gives readers the latest AI technology advancements, covering the challenges and opportunities AI presents.

Cybersecurity research shows weak passwords remain a major threat, with simple patterns and number sequences putting millions of accounts at risk.

New Android malware BankBot YNRK silences phones, steals banking data and drains crypto wallets automatically. Learn how this advanced threat works.

FDA approves first human trial for Paradromics' brain-computer interface that could restore speech for paralyzed patients through neural technology.

New phishing platform QRR targets Microsoft 365 users across 1,000 domains in 90 countries. Learn how to spot fake login pages and protect your accounts.

OpenTable now uses AI to track your dining habits and share insights with restaurants. Learn what data they collect and how to protect your privacy.

Google's discontinued Nest thermostats still secretly upload home data to company servers despite losing smart features, raising serious privacy concerns.

New Android malware NGate steals NFC payment codes in real-time, allowing criminals to withdraw cash from ATMs without your card. Learn protection tips.

DoorDash confirms data breach exposing customer names, emails, addresses after social engineering attack. Learn how to protect yourself from scams.

Concerned about Google's AI scanning your Gmail? Learn how to disable Gemini features that access your emails, Drive files and Chat messages for privacy.

Google warns Android users about dangerous fake VPN apps hiding malware that steals passwords, banking details and personal data from phones and tablets.

Apple's digital passport feature lets iPhone users breeze through TSA checkpoints this holiday season using Digital ID technology at 250+ airports.

A new phishing scam targets family photos with fake "Cloud Storage Full" alerts. Criminals steal credit card information through fake sites. Learn protection tips.

South Korean scientists create ultra-thin fabric muscles that turn clothes into robotic assistants, lifting 33 pounds while weighing under half an ounce.

The Golden Goose is Sick

Stocks & Mutual Fund