Kiplinger says to cash out on Squawk today (10/1)???

[Orchidflower]

Did anyone watch Knight Kiplinger on Squawk Box this morning maybe 8 a.m. CST (10/1)? I caught just the very tail end, and it sounded as if he was saying to get more cash together; but, like I said, I just hear a tiny bit. Anyone catch that? And what did he really say or what was his real message?

 

[al_bundy]

if this is going to be a real rally then expect all the pro's to scare you out of investing and then once the markets shoot up they will be telling you to get back in

 

[CuppaJoe]

if this is going to be a real rally then expect all the pro's to scare you out of investing and then once the markets shoot up they will be telling you to get back in

Sounds like the very definition of pro.

 

[Gardnr]

Did anyone watch Knight Kiplinger on Squawk Box this morning maybe 8 a.m. CST (10/1)? I caught just the very tail end, and it sounded as if he was saying to get more cash together; but, like I said, I just hear a tiny bit. Anyone catch that? And what did he really say or what was his real message?

Getting cash together and cashing out of the market are two different things. Although it does beg the question of where the average person would get said cash. Borrowing I suppose?

Sometimes these guys just don't make sense to the average Joe. And most of the time they're just flapping their lips to get air time.

If you try to chase everything you see on CNBC you'll go out of your mind, and will probably go broke.

 

[ziggy29]

It's the opposite of pump and dump from these guys. Just as "pump and dump" tries to jack up the price of equities so they can sell their long position to other suckers at overheated levels, this is the attitude of professionals with cash who want to buy in at the lowest possible point, so they scare the hell out of everyone into selling to do so.

 

[ziggy29]

If you try to chase everything you see on CNBC you'll go out of your mind, and will probably go broke.

If I watched CNBC I would have blown my brains out months ago.

 

[Tempesta]

I'm all in today

it's all or nothiiiiiiing!!!!!!!!

 

[Milton]

Financial Porn

Did anyone watch Knight Kiplinger on Squawk Box this morning maybe 8 a.m. CST (10/1)?

No, I didn't.

The 'experts' have no real idea what will happen regarding the macro issues that are currently making Mr. Market so nervous.

My advice is to stop watching financial programs: especially in periods of extreme volatility. The odds are you will only make yourself sick with worry, or you'll make some hasty decisions that you'll later regret.

 

[Gotadimple]

If I watched CNBC I would have blown my brains out months ago.

If I watched CNBC, my brain would have crumbled from being constantly whipsawed by conflicting information.

-- Rita
(it's one of the deleted channels on my remote control)

 

[pedorrero]

I hardly watch any TV (but a roof top antenna is soon to be installed ... did I mention I'm too cheap for cable, satellite?) ... surfing the net is almost as bad.... no offense to this fine forum

 

[Orchidflower]

I just thought it was somewhat of an extreme opinion, and now I know I am in the majority on that thought. Thanks for the comments.

 

[saluki9]

If I watched CNBC I would have blown my brains out months ago.

I watch it just for the minute chance that a severe market drop might cause Becky Quick and Erin Burnette to embrace.

 

[al_bundy]

CNBC is the best during bear markets when everyone is scared. i usually get bored and stop watching during bulls. same with cramer. the show is pretty good now that there is no more screaming to buy everything