Quote:
Originally Posted by Pete F.
‘I expect global equities to tank by 30% to 40% this year. My advice is: Put your money into cash and safe government bonds.’
That’s economist Nouriel Roubini...“Better safe than sorry.
At this point, Monday looks to deliver another tough session.”
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for long term investing, it is not better to be safe than sorry. Does your Mr Roubini advise young people to put all their savings in savings accounts?
Yes, today is an awful day!
one week is nothing Pete, it was a reaction to a global virus. not a macro indicator of the health of the us economy.
Dips are a good thing, not a bad thing, for all but short-term investors.
Posted from my iPhone/Mobile device