Ken Fisher Admits Being Wrong

In his September 1st column titled "Five Blue Chips," which was posted today on Forbes.Com, Ken Fisher admits that we have been in a bear market since November 2007 and that he did not anticipate the fall. I quote: "The stock market's drop since last November is enough to qualify it as a bear market... Wrongly, I've been upbeat throughout... This is the first time I haven't anticipated the fall... I hate that... I also admit confusion."

Ken isn't it also time to admit that you and Fisher Investments were wrong to sue me over this article?

And while you are at it, why not admit that Fisher Investments was wrong to threaten Frances Campbell with legal action? You may recall, she is the retired 73 year old, who posted about you decimating her ROTH IRA. She said you lost her over 20% in under a year, is that right, Ken? I bet you don't remember, there are just so many of us, little people, over 20,000, you say... Well, let me jog your memory a bit. Frances posted in response to yet another of your ridiculously optimistic articles on your friend Steve's site a few months back... Yes, that's right, Steve Forbes, aha.

Ken, do you remember the time (it was not so long ago) when people could post in response to your articles at "Steve's", just like they still can for other authors there? Oh, those were the days - good times, weren't they? And then, suddenly... the market turned bearish, so more and more people came out of the woodwork that didn't have such wonderful things to say about Ken and Fisher.

You asked Steve to watch out for all us party poopers and remove our posts expeditiously, lest potential FI clients see all that negativity... and to make sure we don't come back, FI threatened some of us with frivolous defamation suits. (Who would ever dare to fight a billionaire in courts? After all, he has unlimited resources!) Well, that wave of negativity must have quickly turned into a major flood. Steve's little helpers could no longer keep up. You had Steve turn off comments to your articles all together, didn't you? You do remember all that, right?

Well, it doesn't matter if you remember, really. You don't have to remember me, Frances Campbell, Eileen Findlay, or any of the others. After all, we are just little people for billionaires like you to trample all over on their way to world domination, aren't we?!

I do have one more question for you, Ken. Borrowing from your latest book "The Only Three Questions That Count." (You don't mind, do you?) Wasn't this your last question: "What the heck is your brain doing to blindside you?" Perhaps, it is time for you to sit down and give that question some serious consideration - meditate on it, mediate on it, arbitrate on it, litigate on it...

Update (8/28/08): I have just learned that Fisher Investments in their termination letter to Frances dispute her claims that they lost her money. I have no way to verify which is correct.


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