I've been a critic of investing in individual stocks and wrote of how following investment newsletters will give you a negative return. I've also blogged about how risky individual stock market investing can be here.
Yesterday I read of a trader that routinely manipulates markets to drive prices up and down. It seems that Jim Cramer has a secret about what the pros are doing while you are deluding yourself into thinking you can outsmart the market. Hedge fund managers have tremendous influence on the market. Remember this the next time you get a hot tip.