SHREVEPORT, La., May 26, 2007 (PRIME NEWSWIRE) -- DonHarrold.net, the world leader in bias-free stock commentary, announces a new video for free subscribers at http://www.donharrold.net
"Investors were told to buy stocks in 2007 for many reasons. The mainstream press, media, and wall street all marched to the same tunes," asserts Don Harrold, friend to the "little guy investor".
"People were told to buy stocks this year because robust, resilient, spend-like-drunken-sailor consumers would prop up retail sales. And, since our economy is now '70% consumer sales' the fact that 'consumers' would be back at the trough in droves would be all the reason you needed to buy this market," asserts Mr. Harrold.
"Auto sales would come roaring back as gas prices came down. Inflation would drop. Jobs growth would skyrocket," continues the maverick market commentator.
"Mom and pop investors were told that wages would rise, profits would soar as companies beat expectations, and the dollar would strengthen against major world currencies," contends the founder of http://www.donharrold.net.
"All of us were told that the 'greatest story never told' was that the housing sector would rebound. And, as if all those reasons were not enough, interest rates would drop -- which would somehow spark a new wave of buying (in spite of historical evidence that clearly shows falling interest rates do not lead to rising stock prices) as everyone from 'Joe Six-Pack' to the fat cats in board rooms across America were floating in all the new money pumped into our economy," adds Mr. Harrold.
"Yet, all those hocus-pocus stories were time wasted. Every one of those stories has been proven false. From the housing numbers today which indicate more pain ahead to the horrific retail sales numbers that prove consumers do not have the ability to 'prop up' the U.S. economy with any more spending binges, the yarns and 'wives' tales' have all been shown to be false," contends Mr. Harrold.
"So, why did investors buy stocks? The reasons given to buy were wrong. Yet the same storytellers are telling investors to 'load up the truck' now," warns Mr. Harrold.
"The U.S. economy is in trouble. Even a cursory glance will expose the truth to those who want to find it. I suggest savvy investors will begin to ask a simple question," says Mr. Harrold.
"The question to ask now, 'If the reasons used to push people into stocks are proven false, why should we continue to buy stocks now. Isn't it time to lighten the load and take profits in stocks with gains?'" posits the outspoken investor.
"My challenge to investors is to find the answer to that question. The free video we provide each day helps investors break free from the mindless chatter of mainstream wall street, and learn to trade to win in any market environment," concludes Mr. Harrold.
Investors interested in more can view the most recent free video at http://www.donharrold.net