So the Stanford Financial Companies (to include the ubiquitous Stanford Research that appears in so many of the tickers has having issues a research report) is the very latest to have been exposed as financial charlatans.
No shortage of those. If we were in a more primitive society, they would be ground up as chum and fed to fishes who would then feed the hungry. Now that would be poetic justice. BRKR a holding was up yesterday in the carnage. WH, my Chinese tubular steel maker, did not fare well.
I sure wished I owned more gold! I was looking for a file and found my worksheet on the gold stocks that I did over the Thanksgiving holiday. I still have my CEF which I bought on 11/21/08. I try not to judge past decisions on current information as no one has the clarity of prescience, merely educated guesses PLUS miasmic probability distributions. Oh, those are just dressed up hunches and given the aire of respectability by making it look substantive.
Sort like our financial charlatans.