Friday, June 12, 2009

Cramer

Don't listen to this guy, he missed the fall and in my humble opinion he is wrong about the next year too:

http://www.cnbc.com/id/31255389

As I have said before, unless you want to gamble, or have a 15-20 year time horizon, or are a trader, or are REALLY good at analyzing balance sheets and picking individual stocks, stay out of the market for a while longer. Maybe a year, maybe 18 months. When you get back in make sure it is into a well diversified portfolio that is appropriate for your age and situation.

This video illustrates why you shouldn't believe the hype. I may disagree with much of John Stewart's politics, but this clip is great. The truth can be very funny. Just because people on Wall Street act smarter than the rest of us doesn't mean they are.


The Daily Show With Jon StewartMon - Thurs 11p / 10c
CNBC Financial Advice
http://www.thedailyshow.com/
Daily Show
Full Episodes
Political HumorNewt Gingrich Unedited Interview

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