Sell Hi-Fi and invest in stock market?

Getting your financial advice from an audio website has got to be one of the dumber things you could do. You'd be better off getting audio advice on a financial website...

Perhaps but sometimes those in the biz can't see the forest for the trees.

FWIW: I warned everyone here on these forums several times starting fall of 2007 - my advice was to sell stocks and portect your nest egg. One thread where many people hotly dismissed my dire warnings as "nonsense" was even erased.

There's a reason why they're called "brokers"

It may be smarter to get your financial advice from this website than all those genuius financial services advisors. Weren't they the guys telling us the economic fundamentals were sound just a couple months ago!

The economists I listen to and trust have been forecasting this exact financial tsunami for years, I got out of the market a couple years ago. These economists are predicting 5,000 Dow and up to 25% unemployment rates. Perhaps this will not happen, but they've been correct up to this point. It also appears we are heading for a deflationary spiral, all financial instruments may be headed downwards.

To sell now would be selling in a down market and buying now is buying into a market that's yet to reach bottom. Should have sold two months ago, buy stocks at the bottom, 5,000 or ?

BTW: The gold that I purchased in 1999 for $275.00 oz just went back up $50.00 today(to $800.00 oz). It's been on a roller coaster ride for the last few months, tracking the price of crude. The Global economic crash(or skyrocketing oil prices) will jack it WAY up shortly. SURE: I HOPE I'm wrong!!

Market hasn't bottomed out yet. I said 3 years ago it was overinflated and would be down to 7500. (Not to pat myself on the back, but also told my associates about the mortgage issues we currently face). Having had hit 7500 Thursday, now I se 6000-6500 as the bottom number. Its ugly out there. Cash is king. Commercial paper for me, heddging with bonds.