I had an 8 ball when I was a kid. I hated that thing but I used it frequently to find out whether my pursuit of some adolescent endeavor was going to be successful. “Reply Hazy, Try Again” came the answer. Or “Better Not Tell You Now.” I no longer consulted the 8 ball after I asked whether my dog, Toby, would survive his heart attack. “It is certain”. Not so much.
So it is with some amusement that I bring you the story of the investor psychic Sean David Morton. He claims to have been trained by Monks in the art of time travel and he can predict the future of the stock market. The name of one of his companies- Magic Eight Ball, Inc. He solicited investors though a radio show, personal appearances and the internet. And he has now been sued by the SEC for swindling investors out of $6 million. I wonder if he predicted that one. And as he tries to foretell his own future, the 8 ball might read: “Outlook Not So Good.”