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| Expert in cookies and market timing |
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Moraif is a good example of the kind of charlatan that you often find on weekend radio shows that are really extended infomercials. His show is extremely dumbed down and has lots of silly amateur sound effects. He continuously promotes his seminars and the included chocolate chip cookies that will "take you to cookie heaven". It's about as cheesy as you can get, but people actually fall for this garbage.
Moraif's pitch is primarily for his market timing system, which seems to have worked in one down market period and falsely predicted others. He has some black marks on his compliance record and the firm charges high fees so that they can fund the radio shows that drive the sheep to his seminars. Don't be one of them. You can find more information
here.
Ken told his clients to get out of the market back when stocks were 10% lower in late August. So as of today those investors of his have just missed out on 10% in gains by being out of the market. He locked in losses. I think this is the 3rd time he's messed up on his calls. This underscores the danger of market timing.
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