Biggest Joke On Wall St. Award:

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The SEC for not going after the lying crooks on WallSt but going after a fifteen year old kid. It just goes to show that if you pay the SEC enough money they will look the other way.
 
Originally posted by Frozen444
Let's not forget anything Jake Bernstein has ever done, [...]
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Is he that bad? I found a copy of his Compleat Day Trader on sale for $12 so i bought it. Didn't look that horrible and maybe I can get some idea out of it that I can adapt and use. I haven't read any of his other stuff so i can't say.

The real jokes to me were some other books I saw. One I flipped to the middle of its 200 or so pages and there was a full page explaining and diagramming a price bar and arrows showing the open, high, low, and close. What were the 100 pages leading up to this then? And by the end of the book you're supposed to jump in and start trading?
 
Originally posted by WarEagle
On the retail side, I have to say Jake Bernstein probably wins in my book (although Wade Crook et al. are a close second). But Jake had the first trading infomercial I ever saw where he sold a course on trading commodity seasonals. I still remember it showing some housewife getting home after taking the kids to school and phoning (yep, it was a long time ago...) her broker to place an order for pork bellies along with an order to sell it in 23 days. Classic.
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LOL I guess I missed this stuff, must have been before my time...
 
Joe the Bull Batipaglia .
A few months ago he said put the majority of your money into stocks. Notice how we don't see him that often anymore.
He only rears his head when the market goes up .
 
Originally posted by WarEagle
Solly's favorite son, Jack Grubman...rode Worldcom all the way down with a strong buy until last week when he finally put a neutral rating on it...and makes $10mil+ a year for his hard work...ain't this country great!?!

On the retail side, I have to say Jake Bernstein probably wins in my book (although Wade Crook et al. are a close second). But Jake had the first trading infomercial I ever saw where he sold a course on trading commodity seasonals. I still remember it showing some housewife getting home after taking the kids to school and phoning (yep, it was a long time ago...) her broker to place an order for pork bellies along with an order to sell it in 23 days. Classic.
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Wow! There was an outfit pushing options on gasoline futures in a TV infomercial near the top of the bull market circa 1999-2000. I heard a radio commercial very recently that sounded like the same scam.
 
Originally posted by SicilianTM


LOL I guess I missed this stuff, must have been before my time...
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Haha, well, I'm not THAT old (29), but the commercial came out in the mid 90's...I think he got in trouble with the CFTC over it (imagine that!) and had to pull it.


As far as his books go, any one of them looks just like the others. Remember, he is a futures trader (supposedly). First he had "The Compleat Day Trader" (I and II) for futures, and then he came out with "The Compleat Guide to Daytrading Stocks". He picked up on stock trading fast enough to cash in on the book gold rush. That makes me think he really doesn't trade at all, but instead rehashes material into the fad of the day...much like Sunny Harris (don't even get me started on her...)
 
I remember that TV ad. There was a scene of a guy sitting in the rig of his 18-wheeler talking about how he use's Jake's system to trade futures.

Does he place the orders via CB radio?

"Yaaaaaahoooooooo! This here's the "bigrig", come back. Gimme 10 o'them April pork bellies an' throw in a messa #2 top-weight feeder heifer calves!"
 
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