August 30, 2011

Am I Still Worried About Europe?

You bet I am.

Frankly, the fact that more people are not concerned about the European banking situation has me... concerned. My stance remains the same - the Stock Market is a risky place right now. Most of my friends and family members are investors, not traders. They cannot pull their money out of stocks in either individual stock accounts or retirement accounts, immediately. And if the European situation continues, let alone deteriorates, the financial markets could see some fast and furious action - to the downside.

I continue to believe that for the average, prudent investor, the best place to be right now is on the sidelines.

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