In another one of its absurd articles, that New York newspaper that pays its executives millions and is a miserably ran company, published a story today about how several JP Morgan brokers pushed sales of their own funds even at their client's expense.
There are two very simple points that need to be made about this story:
1. Does it mean that if Consumer Reports concludes that Toyotas perform better than General Motor cars that all the GM salesman should stop selling GMs and start pushing Toyota?
2. The current performance of the JP Morgan funds has nothing to do with how it will be in the future.
The article is another destructive example of thoughtless reporting.
There are two very simple points that need to be made about this story:
1. Does it mean that if Consumer Reports concludes that Toyotas perform better than General Motor cars that all the GM salesman should stop selling GMs and start pushing Toyota?
2. The current performance of the JP Morgan funds has nothing to do with how it will be in the future.
The article is another destructive example of thoughtless reporting.
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