From Blog Maverick, the Mark Cuban Weblog:
I wrote a whole series of articles warning people about the stock market over the years. You can see them here. It’s gotten worse. So I thought I would write some more about why you should probably avoid putting any new money into the stock market…
If you haven’t noticed, individuals are avoiding the stock market in droves. There has been an enormous exodus from equity based mutual funds. Why? Because people buy stocks for only one reason: they want them to go up in price. If you don’t believe the market is going to go up. If you don’t believe you can find a greater fool to buy your stock, or the stock your funds own, why would you buy either ? You wouldn’t and people aren’t.
The amazing thing is that...
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More on stocks:
Market guru Prechter: Dow 8,000 coming soon
Richard Russell: Get out of stocks and go into gold
This chart says the bear market could last for 6 more years