Finan¢ial $en$e: Am I Still Worried About Europe?

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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Disclaimer:

David Keepes aka Dave K. is the writer for this blog titled "Finan¢ial $en$e". He is NOT a registered investment adviser nor does he work in any capacity for an SEC-registered, or any other, investment advisory firm. He writes in an educational capacity and urges and expects anyone who reads his posts and comments to not rely on them for accuracy, and for any reader to perform their own due diligence in regards to all investment and retirement matters. David holds a BA in Economics from the University of Illinois and an MBA from Eastern Illinois University. He is also a permanent Certified Cash Manager since 1995. He lives in Carrollton, Texas, with his wife and one child. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks.

Financial $en$e BLOG ETIQUETTE:

1. You are a GUEST on this blog - act accordingly. Respect Dave K. and any other poster on this blog. Don't expect the blog to change to suit your idea of what the contents should be.

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6. Bravado and braggadocio about your trading prowess, returns, and wealth are signs of immaturity and will also generate bad karma for your future trades. In a related vein, the constant hyping of your holdings should also be avoided. If you are not aware of what constitutes posting your trades and what constitutes hyping, err on the side of silence. If you feel you must resort to this and the aforementioned bravado, go over to the Yahoo! message boards which are rife with similar losers and you'll feel right at home.

7. Cries about market manipulation, political agendas, whining that the Fed (or whoever) is corrupt, etc... ad nauseum, are often nothing more than an excuse for bad trades and the dialogue gets old fast. Don't bore the other posters.

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Bottom Line: All that personal attacks, inappropriate and immature comments do is bring this site, its purpose, and the dialogue to a screeching halt. It chases off the people who have been coming here, helping to build it up and prevents new comers from wanting to even hang around, let alone get involved. If that is your intent, then get your own blog.