In today’s 24/7 news cycle, business media has turned into a never-ending carousel of one so-called investment guru after the next.
In her book, “Pound Foolish: Exposing the Dark Side of the Personal Finance Industry,” Helaine Olen cites a Univ. of California study that found anytime a stock was mentioned by name on CNBC, its price immediately increased –– whether the news was positive or negative.
This is not a trend we should be thrilled about.
Read more: http://www.businessinsider.com/dont-listen-to-media-investment-advice-2013-3#ixzz2MmNeJfle
