For a while now I have been encouraging people to be defensive in the stock market.
I wrote two fairly long posts on why I thought it was not the best place to have your money. You can find them here
Stock Market Prediction 2009 and Why You Should Get Out of the Stock Market Now
Most people that I talk too think I am too pessimistic. Our psychology on the stock market is wired from past performance no matter how many times we are told that "Past performance is not an indicator of future performance".
I think I am pretty optimistic about the future of America and the world in general. I do think that people need to understand the cycles that govern the world economy.
Those who do not study history are doomed to repeat it. A pretty good quote in regards to the stock market specifically and life in general.
I was sent an email yesterday that included a link to this video. It is longer than a standard YouTube video so bear with it.
It is by Tony Robbins, a fairly famous self-help guru. He isn't a stock market expert. He admits to that in the video.
But he does have access to some pretty sharp minds that he works with in a daily basis.
If you have any money in the stock market or are considering investing in it, watch the video. It should make you think.
To you Wealth
PS Leave your comments below and let me know what you think.
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