Authorities are now arresting anyone who posts false rumors about bank runs on internet message boards. THIS odd piece of news just goes to show you the times we live in these days, check it out:
Hong Kong police have arrested a man for allegedly spreading rumors on the Internet about a bank run amid anxiety in the Chinese territory about the U.S. financial crisis, police said Sunday.
The man was arrested Saturday for allegedly using a computer with criminal or dishonest intent…
Now I’m not condoning rumor mongering, nor would I ever wanna talk bad about any bank, at least publicly, in fear of Osama bin SEC/Big SEC Brother, but I do think it’s pretty sad that an internet message board posting–the lowest form of human communication, especially Yahoo! message boards–would lead to anything newsworthy in the real world.
Let me rephrase, if you believe anything posted on an internet message board, you should be arrested. Your ignorance makes you a threat to society for you should not operate heavy machinery, interact with any young people (for fear of influencing them), be allowed out in public, etc.
Elitetrader, Investorshub, RagingBull and just about every other message board is an information swamp filled with the nastiest crap you’ve ever seen. There are people lying, cheating, hyping, pumping, dumping, etc. and that’s why I don’t even link to them.
Remember, 90% of traders lose $ and most longterm investors just suck, in life and in money making. Sure, there are a few good apples, but the bad apples overwhelm everything and everyone so it’s tough to wade through all the muck to find em.
Sites like Covestor helps as THESE RANKINGS help cut trough the BS.
Still, my advice is to–not financial advice, God, no, this is for entertainment purposes only advice (happy Big SEC Brother?)–not trust anyone and make them prove themselves worthy of wasting your time/listening to. Otherwise, think/do the exact opposite of any and all postings and the odds are on your side.
Posted in idiots, Manipulation