well.......... he does have a point by saying that things are certainly going to the shitters right now but since markets are influenced by news media it is risky to say things like that. However, the guy is there to help investors make money so if he says otherwise then it would defeat the purpose of his "mad money" show and the whole image hes created about himself as a financial adviser/investor.....
The more doom and gloom that these idiots preach, the worse things will get.
So they should lie to people and say everything is OK? Isn't this what everyone was doing (politicians, talking heads, etc)? Did that do anything, but make things worse?
Maybe some people may like sugarcoated fairy tales, but I would rather people be honest with me so I can make an informed decision.
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well.......... he does have a point by saying that things are certainly going to the shitters right now but since markets are influenced by news media it is risky to say things like that. However, the guy is there to help investors make money so if he says otherwise then it would defeat the purpose of his "mad money" show and the whole image hes created about himself as a financial adviser/investor.....
No No the answer is we muzzle anyone with bad news. Then everything will be ok! ;)
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You can't blame the guy for saying what he thinks and unlike most talking heads this dude really does know the stock market so I'm inclined to at least give his opinions some thought.
What he said makes perfect sense too.
So they should lie to people and say everything is OK? Isn't this what everyone was doing (politicians, talking heads, etc)? Did that do anything, but make things worse?
Maybe some people may like sugarcoated fairy tales, but I would rather people be honest with me so I can make an informed decision.
No we dont lie to them. but DONT give them ideas that they may not have already had themselves.
Dont talk about running to the banks and withdrawing cash, DONT talk about selling all yours stocks.
People see the market fall. They KNOW that it is falling because people are selling, But unless Some IDIOT comes on TV and starts screaming that " You better pull out all your stocks now " then the majority of the people will let it ride a little longer, and a little longer.
As long as the RUSH to pull out is avoided, then things have a chance to change and go back up.
I've used his picks over the past 2 years and he's made me an easy 200k. I listen to what he says and pretty much so far he has been on the money.
I got out right before all of this tanked. Had some SOLID advice from some great people. Now I'm laughing at everyone who said this would never happen.
if your going to quote the guy atleast quote him correctly
?Whatever money you may need for the next five years, please take it out of the stock market right now, this week. I do not believe that you should risk those assets in the stock market right now.?
im buying for long term holds right now. lots of good cheap stocks right now
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