If you want financial advice, listen to Rick Santelli on CNBC.
The guy at the futures and commodities markets in Chicago is the fella I depended on to get out of the stock market above 13,000.
Today, he said we are headed to 11 percent unemployment. If that happens, the stock market is no place to be for the next year at least.
Santelli is the man to listen to if you want to know what to do with your money. For now, simply keep it safe in cash.
The market now is a very short term place to make any profit. That means you have to be an expert. You're not. I'm not.
So stay safe and keep listening to Santelli.
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2 comments:
You've got that right. How can I buy an investment letter from Rick? I am ready to sign up for one right now.
I just started a Facebook group based on Rick's recent rant about the mortgage problem. I am very adamant about this topic.
You have to be logged in to get to the group:
http://www.facebook.com/group.php?gid=63519654812
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