They should be ashamed of themselves:
Stock brokers and financial advisors are STILL urging you to buy and hold the same stocks, bonds and mutual funds that are tumbling in value ...
Mutual fund managers continue to hang on to beaten down blue-chip stocks that are now LOSING billions, slashing dividends, and surviving ONLY on government life support ...
Managers at pension funds and trust funds continue to put your hard-earned retirement money into hedge funds, real estate and bonds that are also crumbling in value ...
To add insult to injury, not only have you been dealt a LOSING hand to begin with, but then these brokers and fund managers FAIL to cut losses ... reduce your risk ... and raise cash ... even when multiple warning signs are flashing. The way they are treating you is INSANE!
Last year, the Dow Jones Industrial Average tumbled 34%1 — one of the steepest bear market declines on record. But your results could be even WORSE — based on the advice we see coming out of Wall Street.
And continuing to invest the same old way could prove even more devastating to your wealth in the NEXT phase of this bear market.
Here’s the problem: dozens of Wall Street’s best and brightest are still BUYING and HOLDING investments that have already plunged 60% ... 70% ... or even 97% in value ... and these investments are still vulnerable today!
Just look at the losers we’re finding in their portfolios:
Citigroup: DOWN 97% ...
General Electric: DOWN 79% ...
General Motors: DOWN 94% ...
Fidelity Magellan: DOWN 49%2 ...
WHY are so many of these supposedly smart, high-paid, investment experts making such crazy moves for their clients? To me the answer is clear:

Look, I know this is a tough business, and today’s volatile markets are difficult to navigate. No advisor is perfect ... but this is a travesty!
What investors really NEED today are unique strategies and tools that are specifically designed to hold UP in a DOWN market.
Armed with the right strategy — including the ability to properly “hedge” your portfolio — losses could be lessened substantially — or potentially transformed into gains.
The meltdown in financial markets is a disaster for many investors. Dreams of early retirement, perhaps ANY retirement, have been put on HOLD! But it doesn’t have to be a nightmare for your portfolio, provided you take steps NOW to help protect and defend your investments from the clutches of this bear market.
You need to know how to prudently protect and potentially grow your wealth even during a steep bear market. And to help you do just that, I’ve just scheduled a very special — and completely free — online video event ...
In this fast-paced, one-hour, online video briefing at NOON on Wednesday, March 25, we’ll quickly bring you up to date on the latest risks facing your portfolio ... advise you on how to avoid bear market traps ... and discuss specific NEW opportunities to help defend your investment capital and aim for potential gains amid widespread stock market losses.
Phase II: Bear Market Update contains information on the Weiss Bear Strategy. Past performance is not indicative of future results and as with any investment program it is possible to lose money by investing in the program. There are no guarantees that the program will achieve its stated objectives. Prior to investing, please read the Firm’s ADV Part II and program specific materials regarding risk, suitability, and important disclosures.
1 DJIA simple price appreciation 12/31/07 – 12/31/08: Bloomberg data, 3/11/09.
2 DJIA index member returns (for period 10/11/07 – 3/1/09): 3/11/09; Magellan data: Morningstar, 12/31/08