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Fact Check: Did Sean Hyman use the Bible to Predict Best Buy Stocks Sinking to $11 a Share?

Today I received a spam e-mail message linking to the conservative website “NewsMax,” on which the following claim was made:

What the Bible Says About Money (Shocking)

Most people know Sean Hyman from his regular appearances on Fox Business, CNBC, and Bloomberg Television, but what they don’t know is that Sean is a former pastor, and that his secret to investing is woven within the Bible.

Perhaps that can explain why, despite his uncanny ability to predict precise moves in the stock market, Sean is often laughed at for his unique stance on investing.

For example . . . in 2012, Sean appeared on Bloomberg Television. At that time, Best Buy (BBY) was dropping to all-time lows of $16 a share. Sean predicted the stock could go down to $11 a share, and would then quickly rebound to $25 per share, and after that would rally to $40 per share over the next year.

For Sean, the Bible is his FOUNDATION for investing.

He explained to me how there is actually a “Biblical Money Code” woven into Scripture.

Sean says it is this Biblical Money Code that took him from making a mere $15,000 a year to now giving away up to $50,000 a year. Sean also credits this code with helping him turn his father’s $40,000 retirement account into $396,000.

Certain investment titans, Sean says, such as Warren Buffett and John Templeton, have already used this code to amass billions.

Wow, you’re supposed to declare as you check the actual Best Buy stock history:

Best Buy Stock History Chart


Can you guess where the rest of the appeal is headed?  I bet you can: after you click a link and watch a video, you’ll be invited to pay $97 for the secret code, while you also agree to terms and conditions which declare you can’t sue NewsMax if it turns out that the code is bunk, although NewsMax reserves the right to sue you.  You may be surprised (or not) to find that at the top of the NewsMax terms and conditions page there’s a link declaring in red that “Chemist turns Alzheimer patient into chess champion!”

Now that we’re clear this is a sales pitch, let’s evaluate it.  There are two claims I’d like to evaluate today:

  • First, that Sean Hyman predicted in 2012 on Bloomberg TV that Best Buy’s stock value would go down to $11.
  • Second, that the basis for this prediction was the Bible.

Here’s what Sean Hyman actually said in an interview on August 20, 2012 with a Bloomberg News anchor (you can watch the video for yourself):

Sean Hyman being questioned by Trish Regan on Bloomberg TV in August of 2012

Trish Regan: OK, let’s look at the stock price from a technical perspective.  Sean Hyman, you’ve been watching it.  It’s been so beaten down.  Is it so beaten down that it can only get better from your point of view, if you’re the CEO?

Sean Hyman: Well, it has been in a downtrend for the last six years, so the trader would say, “The trend is your friend,” and they would short on rallies.  However, the Best Buy investor, of course, could take another approach and say, “Well, it has been down for six years, it is approaching the 2008-2009 lows at around $16 to $18 a share, and so therefore they could start nibbling away if they had a 2 year time horizon.  Should it slip through that support, then, it might slip as low as $10 or $11, but I find that highly unlikely.

So how does the claim of a miraculous Bible Code Best Buy prediction wash out?

  • Point one: FAIL.  Hyman actually said of a “$10 or $11″ price share that it was “highly unlikely,” which is pretty much the opposite of him predicting that it would occur.
  • Point two: FAIL.  In making his prediction, he said absolutely nothing about the Bible.

The bottom line is that if you’d like to throw $97 away on some silly “Bible Code” literature that promises to make you rich (despite the whole Matthew 19 thing), then you’re free to do it.  But if you’re planning to throw away that $97 because you think that Sean Hyman made an amazing prediction based on a Bible code, then think again.  Sean Hyman’s actually predicted that came to pass would be “highly unlikely,” and the Bible had nothing to do with his reasoning.  Not a jot.  Not a tittle.  NewsMax is lying to you to make a buck, and that’s just not right.

Four Minutes Amid The Mint

Mint brings all of life into slow motion.

4 Minutes Amid Mint by oakgall

Gotta Be Tailgating?

You breed dogs to sell in Ontario; you drive like a freak in Cato.  Your chattel incessantly hump legs; I watched you incessantly hump bumpers. You make those who purchase your dogs promise not to spay or neuter right away; your need for speed right now endangers lives on the highway.

“Gotta Be Goldens,” you’re going to kill someone if you keep driving like I saw you driving this summer.

Gotta Be Goldens, Tailgating Summer 2015 in Central New York

You’ll notice I can’t read your license plate in this picture I took from the passenger’s seat.  That’s a result of what’s called a safe following distance.  Please look it up.

Apparently, I’m not the only person so frustrated with a driver that I’ve decided to post a story on the internet.  There’s this example taken from stop-and-go traffic in Fairfax, Virginia, and over at Platewire, posters share identifying information about reckless drivers.  The Australians are upset by this behavior, too.


Which Revolution Media Group Is Getting Its Revolting Act On For The 2016 Election?

Revolution Media Group in San Francisco is “a new breed of agency that draws outside the box” and “harnesses beauty & brains” in order to embody “the simple idea of getting back to basics — working with a handful of talented people and keeping things honest… through wide-eyed creativity and meticulous craftsmanship”.

The people who work at the company see themselves as agents of change, explaining that, “We are not content with the status quo. We’re different and we like it that way. We believe the power of a single, great idea, brought to life through design and technology, can transform a boot-strapped start-up into an unforgettable powerhouse.”

The Revolution Media Group makes this solemn pledge: “Every campaign we work on reflects beauty at its core”.

It’s an exciting vision, isn’t it? These people are out there, living fearlessly, on the edge, dedicated to a new way of seeing the world, full of wide open possibility. Courage!

So, guess what bold new project was this group of media revolutionaries working on this week:

They took $50,000 from Jeb Bush’s corporate-funded super PAC to make advertisements slamming Hillary Clinton in Iowa, New Hampshire and South Carolina – on behalf of Jeb Bush. That’s what the FEC filings made by Right To Rise this week seem to suggest, but, the discrepancy between the idealistic language and the crass acceptance of political hack jobs funded by shadowy corporate sources just doesn’t make sense.

A closer look at the FEC filings reveals another discrepancy: The Right To Rise filing shows the address of the Revolution Media Group as 1020 Princess Street in Alexandria, Virginia – on the other side of the continent from San Francisco. This is the address of the Revolution Agency, a firm that describes itself as working on conventional corporate projects, “from directing public affairs campaigns for the U.S. Chamber of Commerce to designing a new image strategy for Walmart.”

The Revolution Agency brags about having on its staff a political hack who dropped out of college and got his start writing ad copy for the National Conservative Political Action Committee, and a partner who has “served as a media consultant to every major Republican Party committee”. The Revolution Agency is officially registered as the Revolution Media Group LLC, but it doesn’t appear to be the same as the Revolution Media Group in San Francisco. According to the Center for Public Integrity, the Revolution Media Group LLC was the 8th biggest recipient of money for media placement in the 2012 campaign, receiving 16 million dollars of work from Super PACs. They’ve worked in astroturf as well, with one project “building a grassroots army for the wireless industry”, for example. This agency is proud to talk about its part in “turning public opinion against Medicaid Expansion”, and in “defeating organized labor”.

That sounds an awful lot more like the kind of agency that would help Jeb Bush go after Hillary Clinton.

Wage and Hour Complaint Backlog at US DOL still higher than under Bush, but Improving

Quick Guess: under what kind of presidential administration is a backlog of official employee complaints about wage and hour violations allowed to build up at the Department of Labor?  A Republican presidential administration or a Democratic presidential administration?

If you guessed “Republican,” think again.

The staffers of the Wage and Hour Division of the U.S. Department of Labor are tasked with investigating worker complaints to make sure that workers aren’t being abused by employers who exploit labor laws — by withholding pay, by refusing to grant overtime, by employing child labor, and otherwise exploiting people who are desperate for work.

This is important work to protect the powerless against the powerful in America, but the Wage and Hour Division is suffering from a backlog of cases.  Measured by the average number of days taken to resolve complaints to the Wage and Hour Division, the backlog has been cut back in fiscal years 2013-2014 (the last year for which data is currently available), but is still worse than when George W. Bush was the sitting President of the United States:



And it was under George W. Bush’s administration that a backlog dating to the Clinton administration was whittled away.


Climate Disaster Previewed With California Water War In US Congress

sacramento river droughtA local water war took over the floor of the U.S. House of Representatives yesterday, with congressional districts along the Sacramento River fighting over the dwindling flow of the waterway. Republicans upstream gathered allies in their party in demanding that water be kept in reservoirs for farmers in their districts to use, while Democrats downstream gathered allies in their party to demand that what water remains be allowed to trickle down to be used by farmers in their districts.

The two sides were battling over the Western Water and American Food Security Act, a bill that favors upstream farmers over farmers and fishermen downstream. The bill passed the House yesterday, but will be vetoed by the Obama Administration even if it passes the Senate.

The partisan nature of this conflict over water was exhibited when only two Republicans broke ranks to vote for an amendment from John Garamendi to the bill. Garamendi’s amendment would have installed a virtual water screen to prevent the spread of invasive aquatic species in the Sacramento River delta. No rational reason for opposing this amendment was offered. The upstream Republicans simply seemed opposed to any measure offered by downstream Democrats, regardless of its content.

Climatologists predict that the U.S. Southwest, including California, will see many more severe droughts in years to come as a result of regional impacts of global climate change caused by the still-increasing release of greenhouse gases from human activities. Instead of fighting over the shrinking resources that remain, legislators in Congress ought to be working together to deal with climate change, the root cause of the increased frequency of severe drought in the Southwest.

June 2015 was the Warmest Global June on Record

“Contrary to what global warming extremists suggest, the science of climate change is not decided.” So wrote the “Acton Institute” on June 17, 2015.  The “Acton Institute” is funded by Exxon Mobil, deregulation billionaire David H. Koch, abd deregulation billionaire Richard DeVos, and its leadership includes representatives of corporations in the oil industry.  The “Action Institute” provided no evidence to substantiate its claim.

While the “Action Institute” continues to issue such proclamations, the actual globe continues to warm.  NASA’s Goddard Institute for Space Studies has just released its latest data of temperature anomaly readings from around the globe, updated to include information from June 2015.  This new information indicates that June 2015 was the hottest June yet among a long stream of Junes heading all the way back to 1880 in the GISS record.  The long-term trend in the temperature data looks like this:

NASA GISS Temperature Anomaly Data for June from 1880 to 2015

The “Acton Institute” is free to say what it likes.  The global temperature record says something altogether different.

Rand Paul Doesn’t Want Parents To Know About Unequal Access To Education

Yesterday, I noted Rand Paul’s vote to preserve discrimination in public schools against GLBT students. This morning, we have news of yet another troubling vote by the Republican U.S. senator and presidential candidate.

rand paul inequality in educationRand Paul voted against a legislative amendment that would have ensured that state governments measure disparities between school districts in terms of student access to school libraries, health and wellness programs, qualified educational assistants, early childhood education, and instruction in fundamental academic skills.

The amendment wasn’t the brainchild of a liberal. It was written and introduced by Senator Mark Kirk – a Republican.

The amendment simply sought to lift the veil that hide inequalities in access to education. Rand Paul voted to bring that veil back down – not to end inequality in access to good education, but simply to cover it up.

As a U.S. senator, Rand Paul is pursuing a policy of willful ignorance in government. He doesn’t want citizens to know about inequality in the educational system as it exists. He doesn’t offer any alternative plan for addressing educational inequalities. Rand Paul would just rather that we don’t have this information in our hands.

Why should we allow a person with animosity to learning to become President of the United States?

Carrot Pareidolia

Pareidolia is the human tendency to see meaning in randomness, to find intention and meaning where there is none.
I know this, but being human I can’t will my brain to stop finding faces in smoke and ducks in clouds.  Or uncanny resemblances in sliced carrots.

 what do  you see in this carrot slice?
What do you see? 

Rand Paul Votes For Discrimination In Public Schools

Amendment Number: S.Amdt. 2093 to S.Amdt. 2089 to S. 1177 (Every Child Achieves Act of 2015)

Statement of Purpose: To end discrimination based on actual or perceived sexual orientation or gender identity in public schools.

rand paul favors discrimination against kidsWhen Rand Paul announced his candidacy for the 2016 Republican presidential nomination, his followers proudly said that their candidate would be able to cross party lines and appeal to liberals as well as conservatives.

Yesterday, Rand Paul proved that these initial promises were nothing more than crass political maneuverings.

An amendment was offered to an education bill in the Senate yesterday. That amendment would have prohibited public schools from discriminating against lesbian, gay, bisexual and transgender students.

Rand Paul voted against the amendment. He voted to preserve discrimination against kids and teenagers, rather than to stop it.

That’s the kind of action a leader seeking to reach across party lines.

Rand Paul isn’t anything more than just another in a long line of nasty, mean-hearted Republicans who care more about pandering to their party’s extremist evangelical base than they do about being decent to other human beings.

Slicky Tricky Amazon Asks Shoppers To Buy BEFORE Its Big Prime Day Online Sale

Amazon is known for being big, not for being principled. So, we shouldn’t be surprised, I suppose, to see that in the name of its Prime Day discount sales, which are being offered tomorrow, Amazon has been encouraging shoppers to hurry up and get on over to Amazon for the last couple of days, before discounts go into effect.

amazon shop now before prime day sales

Yes, shop now, while prices are still high!

Or… pay for the privilege of discounts tomorrow, at the pay-to-save, membership-only sales tomorrow.

There are so many ways to lose money at Amazon. Which one will you choose?