Wait-and-hope strategy Other want to flee markets entirely and forever
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- starr111
- added this
A financial crisis being described as the worst since the Great Depression has left investors thinking far beyond the realm of whether it’s time to buy or sell.
No matter how close they are to retirement, many are considering getting out of the stock market entirely by shifting to cash or even gold, believing the market is so shaky they’re willing to take the potential tax and inflation erosion they’ll suffer from a quick pullout.
Others are staying in, even after this year’s 14 percent decline to date in the Dow Jones industrial average has eaten away at what they had thought were safe portfolios
No matter how close they are to retirement, many are considering getting out of the stock market entirely by shifting to cash or even gold, believing the market is so shaky they’re willing to take the potential tax and inflation erosion they’ll suffer from a quick pullout.
Others are staying in, even after this year’s 14 percent decline to date in the Dow Jones industrial average has eaten away at what they had thought were safe portfolios
