Changes to the Forums
EDIT FORUM TITLE
Changed Health & Bio-tech to: Medical, Health, Pharmaceutical
Changed Energy, Oil, Gas to: Commodities – Oil, Metals, Materials
FORUM ADDED
ETFs – Exchange Traded Funds that trade like stocks
FORUMS ELIMINATED:
U.S. Housing Market – weak activity
Investing and trading/Read these books – weak activity
Tech Talk – weak activity
WSS weekend games – no longer needed
Jim Cramer or Jon Stewart: Who’s Right?
Buyer Beware. Most everyone understands that concept. But for some reason, this idea doesn’t always translate to investing in the stock market. We have to ask: who is to blame? Jim Cramer, or ourselves for not being educated enough on the market to make our own decisions.
Jim Cramer was very clear during his interview with Jon Stewart, offering a mea culpa even though for most it was too late. CNBC’s Mad Money is designed to attract the casual trader and it is one of the few financial programs that can be enjoyed by people from all backgrounds. That is why Jon Stewart was right when he emphasized the importance of Cramer taking responsibility for his actions when he, for example, told people not to sell Bear Stearns stock days before the bank failed.
But the public can’t go on a witch hunt for who is to blame for all their financial problems. True, we trust news organizations and “experts” to give us tips and advice on ways to invest our money. Does that mean though that we take everything at face value without doing some due dillegence ourselves? Of course not.
Even though the stock market does not have a warning label on it, it is the everyone’s responsibility to realize that they can’t jump off the Wall Street bridge just because everyone else just did. Take responsibility for what you do with YOUR MONEY. Know the market, learn how it works so you don’t have to look for someone to blame because you made your own choices.
I look forward to hearing your opinion in this matter.
New Weekend “Mystery Stock” Game
We’re about to launch a new game designed to keep Survivors engaged during the long weekend when stock markets are closed.
It’s the “Mystery Stock” game! Every Friday after the market closes, we’ll post in the Forums one or two clues about a “mystery” stock. On Saturday, we’ll post one or two more clues about this stock. On Sunday, we will provide one or two last clues about this mystery stock.
The first person to email the WSS Community Manager (community at wallstreetsurvivor dot com) the correct name of the stock, their survivor name and their T-shirt size, will win a WSS T-shirt. All other correct entries received before Monday at 9:30AM will be entered into a random drawing for 50,000 Loyalty Points, 1 month of free Real-time Quotes and a Bull/Bear puppet.
The first game will start at 4:30PM on Friday, February 6th in the forums, here. Please let us know how you like the “Mystery Stock” game by leaving a comment below.
