New Dow high ahead? Happy talk feeds sheep

New Dow high ahead? Happy talk feeds sheep Paul B. Farrell - MarketWatch
"BusinessWeek, Kiplinger's and USA Today reported on the false predictions made before the 2008 subprime credit meltdown spread rapidly across America and the world:

Bernanke: 'I don't anticipate any serious [failures] among large internationally active banks.'

Ken Fisher: 'This year will end in the plus column ... so keep buying.'

'Mad Money' Jim Cramer: 'Bye-bye bear market, say hello to the bull.'

Goldman Sachs' Abby Joseph Cohen: 'The fear priced into stocks is likely to abate as recession fears fade.'

Barney Frank: 'Freddie Mac and Fannie Mae are fundamentally sound.'

Barron's: 'Home prices about to bottom.'

Worth magazine: 'Emerging markets are the global investors' safe haven.'

Kiplinger's: 'Stock investors should beat the rush to the banks.'"