Famous Last Words

In a strange mea culpa, CNBC put together a slide show of Famous Last Words.  Many of these characters who made these completely wrong-headed and fraudulent calls were often guests on CNBC's shows.  Maybe CNBC is trying to close the credibility gap, even if in a perverse manner.

http://www.cnbc.com/id/28435645/Famous_Last_Words?slide=1

Famous Last Words

http://www.thenewsonline.es/news/national/3678-famous-last-words

“Gold is no longer a profitable investment,” said then economic minister Pedro Solbes in 2007 to justify the Bank of Spain's selling off more than 32 per cent of its gold reserves. At the time, gold was selling for $669 an ounce – at the close of last week, it was selling for $1,508, and rising.