Stop and think before blindly following financial newsletters

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• Financial literature should be used to aid decision making rather than read to be followed blindly. 
• Good sell-side research analysts have a deep understanding of the industry they cover and help educate the reader. 
• Sources of financial literature should have some kind of accountability and should be willing to make some calls. 

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Back in June of last year, I called the top of the stock market. Right here. As you know, it was not the top. The top happened about seven months (and 16%) later.

Even though the call was wrong… it wasn’t that bad, in the grand scheme of things. I actually said “I will be surprised if this doesn’t come to pass within 6–12 months.” So it happened right on schedule, but that was the fine print, not the headline.See the rest of the story at Business Insider

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SEE ALSO: 'Apple faces a critical strategic decision' over the future of the iPhone, Goldman Sachs says (AAPL)