I sold all my stock and moved everything into cash on the advice of a co-worker when the market hit 14,000. He is this crazy dude (or so we thought) that watches the market all day long. He does really well in all types of markets, but was talking about bank failures, etc. a year and a half ago. Needless to say, I thought he was crazy, but he was right often enough for me to take his advice. I feel like kissing him on the mouth right now. He thought the market would be at 10,000 by this fall. I don't work there anymore, but I called him today and he is terrified. He says we are headed for disaster.
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