Update: Another Jim Cramer Handpicked Guru Falls Flat (and Is Now Sentenced to Jail)
Update March 12, 2012: Back in 2009, I warned about how former professional baseball player Lenny Dykstra was being touted by Jim Cramer for his supposed investing prowess. In recent years, Dykstra has been in a heap of financial and legal troubles. A recent ABC News article provides the following
Update: Alessio Rastani: "Leading Trader" Claims You Can Make Money in Down Market Now
Update February 3, 2012: Late last September, I reported (below) on the publicity that major European media outlets (such as the BBC) were giving a fellow named Alessio Rastani who was predicting the collapse of stock prices and the Euro due to the sovereign debt crisis. I warned you that
Byron Wien Predicts: 10 Probable Investment and Economic Surprises of 2012
With the start of a new year, there are inevitably predictions being solicited by the news media and plenty of pundits falling over each other for the chance to get some publicity. With so many publications and media outlets doing year-ahead predictions, standing out in that crowd takes some effort
Goldline - Endorsed by Glenn Beck - Hit With Massive Criminal Complaint
Two and one-half years ago - in May of 2009 - I warned readers that Glenn Beck was dispensing terrible investing advice. Time has proven me correct. I had also warned about Goldine, a gold company Beck was in bed with. As I highlighted in my last update in July,
Nouriel Roubini: Economist Who Continues to Claim He Predicted the 2008 Financial Crisis
I was the first financial writer back in late 2008 to highlight and document that Nouriel Roubini wasn't anywhere near as accurate as he claimed to be in supposedly predicting that year's historic financial crisis. Roubini, though, managed to dupe many in the media and ran