Felix Salmon's Message To Investors: Get Out Of The Stock Market Right Now

[Amerigo Vespucci]

Run time: 01:19 https://www.youtube.com/watch?v=tCMTeweaiCQ   Posted on YouTube: May 07, 2010 By YouTube Member: flixipoo Views on YouTube: 767   Posted on DU: May 08, 2010 By DU Member: Amerigo Vespucci Views on DU: 1635

 

Felix Salmon's Message To Investors: Get Out Of The Stock Market Right Now (VIDEO)

http://www.huffingtonpost.com/2010/05/08/felix-salmons-message-to_n_568989.html



Financial blogger Felix Salmon has a message to investors: unless you're a large institution, get out of the stock market right now.

The lesson from the near instant crash and rebound of the Dow on Friday is that "stocks are dangerous things to own." Salmon cautions that we are "entering an era of massive volatility. You, as an individual investor, just simply don't have the risk appetite to be able to deal with that kind of volatility."

It's best to get out now because you can sell now "without taking a big loss because they've come back a lot from their lows."

[AnnieBW]

1. How right is this guy, normally?

Is he pretty accurate, or is he a Cramer-wannabe who is running around screaming TEOTWAWKI?

[swag]

2. He's an entertaining Reuters blogger and Tweeter.

He used to blog for Nouriel Roubini.

He has a lot of smarts and crackling wit.

As a market prognosticator, who knows?

Good luck!

[OHdem10]

3. Last night Cramer CNBC and MSNBC , said something similar--this

market at this time is for the Big Investors only.

[swag]

4. When Cramer says, "get out of stocks," I buy stocks.

[safeinOhio]

5. I'm with you

When the stock market looks great, it is time to sell. Then when everyone else is scared and sells, buy.

To sleep well at night, never bet more than you can afford. That doesn't mean don't bet. I'm just hoping for some regulations that make the playing field fair and transparent for everyone and not just the big program players.

[Better Believe It]

6. Is that a "sure thing" bet at the Wall Street casino?

[ProgressOnTheMove]

7. Sage advice. eom

[Poll_Blind]

8. LOL, I think I agree! n/t

PB

[Quixote1818]

9. Stupid advice

Base your trust on specific companies. P and G has stuff that people need and so it should remain strong, just because people spazz out and things yo yo in one day is no fucking reason to panic and take everything out for good. Use the stock market as a long term thing and put your trust into strong companies not the market as a whole. If a company is strong it's stock will stay strong regardless of yo yo's of panic that can temporarily take a good stock down.