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While it wouldn’t make a really good episode of the Mythbusters television show, there are myths that are prominent in the financial world that need to be debunked. Here are some of the myths that Kiplinger compiled:
Myth number 1: There is a hot market somewhere …

Last week we saw the most promise in the economy since the recession began. Wall Street totals began to spike over the last two months and everything seems to be in place for a rise. Unfortunately, traders were so cautious that the spike was misleading …

The U.S. Federal Reserve said American Express could become a bank holding company. Like Morgan Stanley and Goldman Sachs before, now American Express may issue government guaranteed bonds through June 2012.
The companies can also apply to receive aid from the $700 billion bailout rescue package …