Im about 50% in stocks, 25% in precious metals, and the rest cash, and plan on adding to equities as they fall. So no, I don't hang on his every word.
But he is right, and I do plan on being out of equities by March 2009 after I earn more to buy more precious metals along the way.
His premise is correct,that our inflated economy is a train wreck waiting to happen. I just don't think it will happen with a huge election coming up next year. In the mean time I expect the DOW to dip to atleast 12,000 and I'll dollar cost in on the way down.