The Big Lie: What Wall Street Does Not Want You to Know

Comments (20)


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Trouble in Paradise

Kenneth Lay, Andrew Fastow, and Jeffrey Skilling of Enron are the preeminent poster boys for corporate greed, but by no means are the trio unique. In the back alley game of "Fleece the Shareholder", skilled competitors are abundant. Dennis Kozlowski, Tyco's ex-chairman and chief executive, showed some real creativity. Late last year Morgan Stanley, always promoting an image of steady, conservative, trustworthy values, agreed to pay $50 million to settle federal charges that investors were never informed about compensation the company received for selling certain mutual funds. So much for protecting the little guy. Before that the SEC settled with Putnam Investments, the fifth largest mutual fund company, which allegedly had allowed a select group of portfolio managers and clients to flip mutual fund shares to profit from prices gone flat.

A proposal that would force the SEC to give shareholders a greater voice in selecting board members was defeated in October 2004.) Commissioner Harvey J. Goldschmid, an advocate of the proposal, said "The commission's inaction at this point has made it a safer world for a small minority of lazy, inefficient, grossly overpaid and wrongheaded CEOs." The ugly truth does not stop there by any means. Even the venerable Fannie Mae is accused of fleecing investors. The Wall Street Journal reports that the Justice Department opened a formal investigation in October 2004, following reports that the mortgage company may have manipulated its books to meet earnings targets. This is after Fannie tried to hinder an official investigation by refusing to provide relevant information. Oddly, the Enron scandal ultimately revealed Fannie's alleged deception, when the energy company's collapse forced Fannie Mae to replace Arthur Anderson with a new auditor.

When Good News is Bad

And that is the good news. The bad news is very bad indeed. As an individual investor, you might begin to suspect the game is rigged against you after hearing the recent spate of charges and revelations. But the real problem lies not with the illegal activity of a few high-profile rogue directors, acting beyond the rather generous and forgiving rules of the SEC. Instead, the frightening truth is that you have much more to fear from what is done legally, with impunity, with the official blessing of regulators. I am a scientist by training, not a professional investor, but I have a substantial portion of my net worth floating about Wall Street in various stocks and mutual funds, mostly in self-directed retirement accounts. I want to protect those assets, so I naturally set out to learn more about stocks, bonds, futures, and commodities. Like any self-respecting scientist, I starting digging and methodically researching the rules, regulations and practices of Wall Street to get an objective picture how my money was handled once I made a transaction. Early on I concluded that the best way to make money was to take control of trading decisions myself, so that I could identify opportunities for the greatest returns without looking through the artificial filter of a broker with his own agenda.

I also found that institutional investors managing billion dollar transactions or individuals working with grandma's "blue chip" stock all share something in common, regardless of the method of trading or the size of the portfolio. All depend on the fundamentally flawed notion that the future is predictable. As a result, all are doomed to fail over time: any attempt to predict the future is utterly hopeless, and no amount of fancy arithmetic will change that immutable fact of nature.

The futility of trying to foresee the future, however, has not stopped traders from creating ever more sophisticated methods that rely on predicting market movement. This tragic flaw, this inability to recognize that the future will never be predictable, is often masked by confusing terminology and complicated math to create a comforting image of some higher knowledge. But no matter how clever the system or elaborate the math, the future simply can not be foretold.

Oddly, while traders of stocks, bonds and commodities suffer equally from the delusion that the future is knowable, the pernicious effect of this myth is seen with greatest clarity in futures trading. The world of trading futures, therefore, will be the example explored in detail to expose the depth and extent of the big lie. The lesson from futures trading, however, applies universally to all sectors.

Futures Trading

Traders fall into two distinct camps when it comes to analyzing the market: fundamental traders and technical traders.

Fundamental Traders

Fundamental analysis is a study of the principals of supply and demand and the production and consumption patterns of commodities, and how these relate to future market behavior. The goal is to sift through fundamental economic data to identify discrepancies between the inherent value of a commodity and the current market price of that commodity. A fundamental trader seeks to profit by buying or selling during this period of discrepancy before the market catches up to reflect the correct information.

Technical Traders

Traders in the second major camp rely on technical analysis, which is a study of price behavior over time. Technical trading attempts to foresee the future, an impossibility. But hope seems to spring eternal, and so technical traders have developed an arsenal of tools to predict market direction.

The big gun in technical analysis is the bar chart, which is a graph that represents market price changes over time. Using the bar chart, traders evaluate historic price behavior, seeking to identify any indicators that will predict market movement in the immediate future.

The various patterns of peaks and valleys create "chart formations" that analysts use to predict prices. Eighteen basic signals and chart formations establish the basis for technical analysis: trend lines, rounded bottoms, consolidations, tops, bottoms, support, resistance, retracements, reversals, head and shoulders, continuation formations, triangles, coils, boxes, flags, pennants, diamonds, and moving averages. The only signals missing are tea leaves, scattered bones and eyes of newt.

A few of these chart formations, explained clearly by Russel Wasendorf in All About Futures, are discussed below as a means of illustrating how traders use analytical signals to determine when and why to enter and exit the market.

The Trend Line

The simple theory behind this most popular analytical tool is that market prices tend to follow straight lines. As such, prices are almost always drawn back to the line if they bounce off. Trends can be upward, downward or sideways. Trend Liners believe that prices tend to cling to straight lines because traders resist paying more for a commodity than others are willing to pay. As long as prices move up, for example, traders will continue to buy until the trend appears to reverse.

The Rounded Bottom

This formation is perhaps the easiest to recognize, and many traders believe that a rounded bottom is a strong signal of an impending change in market direction. The formation begins with prices gradually moving either up or down and then gradually changing direction. The rounded bottom is evident in the absence of an abrupt change in market direction.

Head-and-Shoulders Formation

Considered by many to be the most reliable analytical tool available, the head-and-shoulders formation has become increasingly popular among traders as an indicator of a sizeable market reversal. The pattern is developed from three rounded bottom formations situated such that the middle one is higher than the other two, both of which are sitting at approximately the same level. The resulting configuration resembles a person's head and shoulders. The formation indicates the end of an up trend in the market; while the reverse head-and-shoulder formation indicates the end of a down trend.

Sideways Channels - Trading the Breakout

This trading strategy involves looking out for markets that appear to be trending in a horizontal direction. If a market seems to be trading sideways, with the same tops and bottoms along the way, it may be ready to break out of that trend either up or down. The difficulty of course lies in determining for how long the horizontal trend will continue, and then predicting the direction of the breakout.

Triangle Formations

These formations are similar to sideways channels in that the market being analyzed has been moving within a relatively narrow range for a considerable time. The difference is that in a sideways channel the upper and lower limits of market movement tend to be parallel, whereas in a triangle formation these areas converge until a breakout one way or another occurs. Three types of triangle formations are recognized: symmetric, ascending and descending. Descending triangles develop when the higher price limits converge toward the lower price barrier, which has tended to stay flat. Symmetric triangle formations resemble sideways channels except that their upper and lower price limits continue to converge. Ascending triangles form when the upper price limits tend to stay flat, while the lower price limit converges upward.

The 1-2-3 Formation

The theory of this strategy is embedded in the belief that a particular market will indicate a new trend in three steps. When a market has reached a new 12 month high or low, a trader begins to look for a 1-2-3 formation. The trader labels the position of the high or low on the chart as point #1.) If the market rebounds from point #1, this theory claims the rebound will only be of a certain magnitude. When the limit of the rebound has occurred, this is labeled as point #2.) If the market then retraces itself back toward point #1, but does not reach point #1 before reversing, this new secondary low is labeled point #3.) Once this third point has been identified, the trader waits to see if the market will move past point #2.) If the market breaks out from the second point, then the trader would enter the market in the direction of the breakout (opposite of the direction that the market was moving when it originally hit point #1).

Simple and Weighted Moving Averages

Moving averages are the product of a mathematical analysis of the market. Generally, the analyst selects a pre-determined number of days to examine (usually four), and then totals all of the prices for that time frame. A division of this total by the number of days being analyzed will yield an average. With each day going forward, the first day is subtracted and the new day is added, thus giving a new average. This is done for however many days one chooses to examine. Once the moving averages are calculated, the results are charted on a graph. Some analysts calculate a weighted average using a formula that places more value on the more recent prices. This strategy is called a Weighted Moving Average.

The Big Lie

Software packages are available today that can assist with culling through historical data. All of that is futile. At the exact moment a trader enters the market, there exists precisely a 50.000000% chance that market will move up or down from that point of entry, completely independent of any analysis that led the trader to enter at that point. No amount of hand waving, and no amount of fancy math, will change that reality. Denying that fact is the Big Lie.

Why is trading near the level of chance the death of a system? To trade successfully, a trader must win enough to generate earnings that exceed the costs of commissions, slippage and losing trades, and this requires a wining average greatly exceeding 50%. For every losing trade, you must win another just to break even: that means two trades for no gain, and all the cost of trading. If the third trade happens to be a win, that means that 3 commissions, slippage 3 times and one loss must be subtracted from the win. Because of these downstream impacts of a loss, as a general rule of thumb at least 7 out of 10 trades must be winners to trade profitably. Not gonna happen.

To rely on any of these methods of analysis in making trading decisions would be the height of folly. The hard reality is that all of these analytical methods are down right silly. They are the product of hope triumphing over reason. Traders are desperate for anything that will give them longevity and profit in the market in the face of desperate losses. But all of these technical trend methods, and fundamental methods as well, fail at a primary level, and placing any hope in them is a form of financial suicide. That 80% or more of traders lose is no surprise when the majority place faith in methods that by definition can never work over any extended period of time.

All is Not Lost

Yes, Virginia, there is a way out of this mess. Accepting that the future can never be predicted requires a shift in world view, one that rejects virtually every assumption embedded in the current world of trading, and the leap may simply be too great for many. But for those who reject the big lie, step across to the other side, and realize there is no leverage in tea leaves and eyes of newt, a tremendous freedom and clarity await. Unshackled by false hopes, trading becomes predictable and mechanical, freed from the agony of watching the market move in the "wrong" direction because in fact no prediction of market direction is involved at all. The idea is to create a position in the market that is truly cyclical, and therefore independent of underlying market movement, and of known amplitude. How to establish such a position is described in: A Simple Guide to Astronomical Wealth. Go to www.tradetofreedom.com.

Copyright Jeff Schweitzer

PERMISSIONS TO REPUBLISH: This article may be republished in its entirety free of charge, electronically or in print, provided it appears with the included copyright and author's resource box with live website link.

About the Author

Jeff Schweitzer received his Ph.D. from UCSD in 1985.) Jeff was appointed as a science advisor at the White House under the Bush and Clinton Administrations for three years before devoting attention to generating wealth through trading futures. He has published more than 60 articles in diverse areas, including neurobiology, marine science, international development, environmental protection and aviation.

Comments

gws35 01.12.2009. 22:33

Why are the most prominent Democrats the biggest frauds? Joe Kennedy - a big inside trader on Wall Street

Madoff - you knew he's a Democrat, right?

Bill Clinton - fraud

Obama - fraud

Al Gore - Global Warming fraud

Do Democrats make fraud a way of life?

Do they have contests to see who can get away with the biggest fraud?

gws35

Admin 01.12.2009. 22:33

I guess, if character and ethics aren't important to a group, then they judge by the ability to get pork and subsidies for supporters. Lies and fraud get pork, and as long as the news media is biased, they can get away with it.

Admin

Peace Sustainability 31.03.2011. 19:52

For all Obama's nice words what has he really changed accept pull Democrats more to the right? If we want change we can believe in it's time for campaign reform, Instant Run-Off Voting and to fire both parties. Obama is a sell-out. Boehner is a partner sell-out and the entire argument is a big waste of time and tax dollars. Both parties are working for Wall street not US. The longer we buy into the scam and act like sheep, forced to choose one lying group or the other the more the USA will slide down-hill.

Peace   Sustainability

Admin 31.03.2011. 19:52

The entire "electoral" system is rigged to the benefit of Republican and Democrat parties by the big money that actually runs the country. Congress are figureheads for their corporate overlords. The President answers to the special interests, and the SCOTUS are silent in their Ivory Tower.

Admin

Aaron 27.03.2010. 21:51

How many troops died last week because Obama lied and didn't pull out of Iraq? Was he too busy trying to figure out how to kick more money to the Wall Street fat cats so they can make their fat Christmas bonuses this year?

When are you libs going to admit that Barack Hussein Obama was the biggest disappointment in history?

Aaron

Admin 27.03.2010. 21:51

President Obama has made a career out of saying whatever he needed to say to get what he wants... do not even know if he realizes he lies

America got wrapped up in his"image"......and not his performance

He ran for state office and promised to lower taxes..... and never once attempted to keep his promise.....he ran for Congress and promised to lower taxes.....and never once attempted to keep that promise.....He ran for President and promised not to raise taxes on 95% of America..... and has indirectly and directly done the exact opposite

He promised to put all bills on the internet 5 days before signing.... openness and honesty.... He has never done this..... in fact he pushed through two "pork" laden bills without letting even Congress read them

He promised not to allow lobbyist to serve in his administration....then immediately hired lobbyists

He promised the best most honorable people in his administration, no crooks allowed....then he hire two people that FAILED to pay their taxes.....and STILL have failed to pay their taxes

He promised to close GITMO..... after a year it still is not closed

He promised a "new" administration...but still has the old policies ....the Patriot Act is still in place.....wiretapping is still being done.... he even has left the door open for using enhanced interrogation techniques.... nothing changed

He promised to end the Iraq war....we are still in Iraq

He promised to create jobs....he has replaced welfare with workfare....short lifed government jobs that will not last or solve our economic problems..... he even "adjusted" the unemployment calculations so it would look like unemployment figures "fell" when they actually rose...he cooked the books

He said judged me by who I surround myself with in my administration ....then promptly hired a man who advocates old men have sex with young boys....a pedophile member of NAMBLA..... He hires a racist communist..... who must later resign in shame

He signs into law a provision that no President can unilaterally fire a Federal judge ..... then FIRES a Federal judge that is investigating one of Obama's friends for FRAUD and malfeasance in office

President Obama has systematically broken every promise he ever made to the American people.... He has adapted ideological policies that have increased the danger of terrorism to America.... led to three terrorist attacks in ONE year after 7 years of no terrorist attacks

WHY does everyone still expect the president to keep his word? ..... why do they still believe his promises? A leopard never changes his spots and a liar never stops lying

Admin

NAMELESSz420 21.10.2008. 01:04

How can John McCain justify the flip-flop on deregulation after having been such a strong advocate for it? It really is politics as usual when John McCain can all of a sudden over turns his own positions on free trade in a desperate attempt to please the left and the liberal media which has slowly but surely brought his campaign down to its knees. I feel like my party is letting me down. I really don't understand exactly how it is we can tag Obama as a socialist, when our most beloved President Bush has enacted a page straight from the hand book of socialism itself with the biggest government intervention on Wall Street ever recorded.

NAMELESSz420

Admin 21.10.2008. 01:04

I would not listen to what anyone in America as to say about socialism. Some time in the past democratic socialism got tied into communism, probably during the McCarthy-ism days. Socialism is not bad. Since when is health care and college education for all bad? I've lived in a socialist country, Sweden, and it is not like how people have made it out to be. There aren't people getting beaten in the streets and starving orphans working in factories. When the people are left to their own devices and the market is allowed to run free with limited gov. regulation...looks what happens!!

As with any politician, McCain is lying about alot of his policies in order to get votes. He is such a maverick that he is adopting policies that the democrats have favored...further proof that an unregulated market will run itself into the ground.

I honestly do not understand why anyone who is not filthy rich would vote republican. If you don't run a Fortune 500 company, they don't give a damn about you, and never have. Stop with this capitalism bull crap, you, along with 90% of Americans are too broke to vote Republican.

It is not the "liberal" media that has brought McCain's campaign to his knees. It could be drug through the dirt if the democrats didn't play as nice as they have been. There are so many flaws with McCain's campaign it is not even funny. What liberal media? Fox News? O'Reilly Factor? Hannity? Limbaugh? That bitch Ann Coulter?! I see no liberal media. In fact the conservatives have gone out of their way to push their views on people. There is no comparing a spoof on SNL to the amount of crap that the conservatives have put out.

Admin

Smoking Joe 27.10.2012. 21:34

There were 200 simultaneous protests over the Mohammed film the day of the Benghazi attack. Newest CIA reports? ...state that opportunist insurgent (that means terrorist in big people talk) radicals used the protests as an excuse and opportunity to stage an attack.
When will fake, walls street/rich guy funded fake news give up their ridiculous lies?
mommanuke - of course there could have been planning. But it would have been a great excuse for them to do an attack, but to say it had nothing to do with the film is ridiculous.

Smoking Joe

Admin 27.10.2012. 21:34

The right wing propaganda outlets such as Fox News are not interested in any rational analysis of the situation. Their aim is to attack President Obama regarding Benghazi. That seems abundantly clear.

Admin

Jacob 29.10.2011. 14:37

What percentage of rich people commit fraud to attain wealth? The term "Evil rich people" has been used alot in the past few years. Can anybody prove that majority of the top 1% are thieves? Many want to tax them like crazy and use fraud as a reason to do so. I'm afraid that the Occupy Wall Street crowd, while with very good intentions, may miss the mark and take earned money from alot of innocent people while the corrupt ones slip through the cracks.

Jacob

Admin 29.10.2011. 14:37

I want to start by saying this is not a liberal movement. We did not vote for Obama, well some did. Either way Obama lied to get into office. Obama is the main reason for this protest with his bail outs. At the same time this is NOT a Conservative movement either. Democrats and Republicans have both failed us. No one is looking out for OUR interests.

Next, the Federal Reserve is a Private Bank that issues our currency and controls our Nations Credit. This is against Constitutional Law. It is the Treasury Department's job to do this. Recently the Federal Reserve printed Trillions of Dollars causing severe inflation. Then the Government used this money to give it to already Rich corporations as our tax dollars. This rigged markets and caused economic collapse around the entire world. These Corporations in turn used that money to give themselves bonuses.

1. It consists of Homeless people, hippies, mothers, fathers, sons, daughters, high school students. college students, adults, children, teenagers, democrats, repulicans, libertarians, moderates, jobless people, people with jobs... every type of person there is.
2. It is In every Major city around the entire world.
3. All the protests in America and some other parts of the world are peaceful. But not every part of the world is protesting peacefully. Some countries have over thrown their dictators.
4. It?s time to mobilize and aggressively move
on common sense political reforms.
We?ve had enough of?
?The Two-Party Oligarchy
?Big Government
?Big Corporate Power
?The Concentration of Power
It?s time to?
?Decentralize
?Create New Political Parties
?Restore the Rule of Law
The economic top one-tenth of one percent of the global population has launched an economic war on us. They are hoarding $39 Trillion in investible wealth, not counting the vast sums they have hidden in offshore accounts. In the United States, we now have the highest and most severe inequality of wealth in our nation?s history. While there is a record number of American citizens currently living paycheck to paycheck, in debt, unemployed, underemployed, without healthcare, on food stamps and in poverty, as our society is breaking down, global bankers have taken our tax dollars and given themselves all-time record-breaking bonuses. The same people who destroyed our economy have been rewarded with trillions of dollars in national wealth. It is now evident that both political parties and all three branches of government, along with the mainstream corporate media, have been bought off by a global economic elite.
As a broad-based network representing people across the political spectrum, we are working together to reach common ground and fight for pivotal political reforms. As long as the economy and government are rigged in favor of the top economic 0.1%, we will all lose.
Here?s a general outline of our common ground platform:
?Enforce RICO Laws
?Break Up the Big Banks
?End the Fed
?Break Up the Mainstream Media
?Shut the Revolving Door
?End Closed Door Lobbying
?Increase Government Transparency
?End Corporate Personhood
?Amend Campaign Finance
?Verify All Votes
?Investigate War Profiteers
?Investigate War Crimes
?End the Wars
?Reopen the 9/11 Investigation
?Restore Civil Liberties
?Uphold the Constitution
?Clean Air, Water & Food
?Reduce Healthcare Costs, Profiteering
?Make Healthcare a Human Right
?Improve Education For All, Reduce Costs
?Reform Prison System
?Reform Drug Laws
?Immigration Reform
?Rebuild Infrastructure
?Protect Internet Freedom
?Empower States? Rights
?End Corporate Welfare
?Raise Taxes on Richest 0.1%
?Reduce Taxes for 99%
These are the core common ground issues that we must urgently rally around and support. Unless we organize and take decisive action, we will all suffer the consequences of our collective inaction. Any politician who does not urgently move on these issues must be voted out of office and replaced by people who will aggressively fight on these fronts.

5. it is the First Amendment in the U.S. Constitution (The supreme law of the land) that makes it ok, which is one of our rights that they have been trying to take away from us.
6. It's been going on since before March. It just became popular in the end of August.
7. This is a leaderless movement(so it cannot be bought out or paid off like the tea party was) who is set out to bring down the hidden powers that use our governments as puppets for their own personal quest for world domination... The Central Banks. The same things Woodrow Wilson and J.F.K. tried to warn us about. The same thing that Lincoln and J.F.K. were assassinated for and an attempt at assissanation on W.Wilson over.
8. Capitalism is good. It is not all of the rich people that are bad. It is the White Collar Criminals who are out of control taking advantage of the current Capitalist Structure that is bad. For the first time ever these criminals are being held accountable for their crimes.

Admin

jesswzmn 28.08.2009. 19:57

Which regulatory agency was asleep at the switch and failed to warn about the malignant banking crisis? let me clarify .....I am speaking of a regulatory agency such as the Department of Treasury, SEC, FDIC, Federal Reserve Board etc... which most by the nature of its legal responsiblities to the nation and to the public and the information that it did possess or should have possessed should have sounded the alarm bell years ago that the nation was headed down a path where the banks could melt down and all those big wall street firms could melt down and that our nation would face an economic calamity unless a change of direction and policy occurrred.

Who was asleep at the switch????????

Please ..the truth not partisan propaganda and lie spreading.

jesswzmn

Admin 28.08.2009. 19:57

Well, Alan Greenspan has admitted to having operated under the assumption that "enlightened self-interest" would ensure that without regulation, people would still protect the financial institutions for whom they worked from being undermined. Federal Reserve policy was therefore MIA.

The SEC was not, in fact, empowered to regulate the financial instruments involved. Getting Congress to pass such laws and a President to sign them, without a visible crisis, might have been the problem there.

Shortly before the Feds exposed his hypocritical and criminal involvement with prostitution, Eliot Spitzer (then governor of New York, and Attorney General there not long before) argued in an op-ed piece that the Department of Justice had been blocking states from regulating mortgage fraud since 2003 or so.

The Bush administration's response (aside from discrediting Spitzer by exposing what else he was up to) was that Congress had failed to regulate the mortgage industry, but in the absence of superseding federal laws I see no reason to sue states to prevent them from enforcing their own. And without the mortgage mess, the rest wouldn't have collapsed.

On the good side (which is not very good, admittedly), we seem to be shaking out a lot of hidden Ponzi schemes that fall apart under current conditions.

Admin

Modest intellect 08.02.2011. 02:27

Has President Obama actually changed his mind on wealth redistribution? In the campaign, he actually said he wanted wealth redistribution. Now, he says he never believed in it, and is cozying up to Wall Street and big business. Which is it? It could be one of three things:
1. He once believed in wealth redistribution as a leftist, but has changed his mind since becoming president.
2. He never actually believed in wealth redistribution, but said he did to get the rabble to vote for him.
3. He still believes in wealth redistribution, but is lying to save his political neck and will bring back the concept if he is reelected.
Help me on this, as I am somewhat confused.

Modest intellect

Admin 08.02.2011. 02:27

He seemed pretty unrepentant on the O'Rielly interview. he played a game of symantics holding fast to his "redistibutionist" policies while distancing himself from the word. Most rational people who saw that know clearly that they are being lied to and deliberatly misled. Any thining person should have clearly understood what was presented. It is a testament to how many people in this country do not apply common sense analysis to his record, that there will be angry denial to my point.

Can I hear some one bad mouth Brit Hume? He spoke very clearly to this today and I found his words echoing my own thoughts on the matter.

Old Guy

Admin

Hob 10.11.2011. 00:33

Why would I trust the Democrats to protect me from corporate greed? When they accept millions in campaign donations from multi-national corporate interests just like the Republicans. When their presidents surround themselves with high profile wall street connections just like Republicans. Is them claiming that they are here to protect us from corporations the height of hyprocrisy? At least Republicans have the decency to take not take the money and help their big business friends and then pretend like they are here to protect me from the rich.

Hob

Admin 10.11.2011. 00:33

They are better at hiding and lying that's why so many think the democrats are better. Tell a lie often and loud enough and the sheep believe it.

Admin

Aaron 18.10.2011. 08:30

Is there any science behind the usefulness of the Himalayan Natural Crystal Salt Lamp? Before I spend my money on something I already think is nonsense, I must know, what is the point of the Himalayan Natural Crystal Salt Lamp? Is it suppose to cure headaches? Clear airways? Give me big boner? What the hell does it do? And is this scientifically supported or just nonsense made up by tree hugging, weed smoking, Occupy Wall Street attending hippies?

Aaron

Admin 18.10.2011. 08:30

Save your money. The only thing this does is to put money into the back account of the people selling them. There is no science _at all_ behind the claims. If you read advertising or web sites where there are quotations from people claiming wonderful results - those are all lies!

Do not encourage these charlatans. Do not buy their cr@p.

I doubt that "tree hugging, weed smoking, Occupy Wall Street attending hippies" would sell this garbage. But manipulative, devious, greedy, unethical, sociopathic frauds would - the same kind of people that the"hippies" are protesting against.

Admin

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