Tuesday, September 23, 2008
En Passant: Scaring The Average Investor
I think the average investor must be getting spooked from this market. Over the last month the stock market has had huge up and down days. Oil is back up again. Every weekend it seems that there are major changes to financial system. Every headline scares them a little more because they don't understand it. Is it any wonder that some investors are considering hiding their money under their mattresses? That's a wealth accumulation model they can understand and don't need a financial adviser to explain to them. I suspect that this immediate flight to "safety" will continue until Wall Street can go a few weekends without being in the headlines.
Flight To Safety, Money Under Mattresses Markets, En Passant