"Fed policy is trying to suck people into risky assets when they shouldn't be there," says Michael Harrington, 58, a former investment fund manager who says he is largely out of stocks. "When this policy fails, as it will, baby boomers will pay the cost in their 401(k)s."
"stay cautious" Would you say that to someone swimming in a shark tank? Seems sorta ridiculous to even mention being cautious in these messed up markets, if your in then your at risk period. Want to be cautious? Stay out buy nothing but hard assets.
I will sell into this rally and then stay sidelined pending outcome of debt ceiling increase. Bobo thinks he is going to get an increase with no consideration of spending cuts and that makes him delusional and the market at risk of huge sell off.