Ken Fisher, a so-called guru in money management, is really a piece of work. Not only did he tell people to keep buying stocks even after the market starting to crack last year, his latest column in Forbes urges 60-65 yrs old folks to keep putting money in the stock market because they could have another ‘25-35 years to go’.
While the market may rebound and produce great return, I don’t suppose he would pay for his clients’ medical bills if they need the money during a market downturn.
You can also read another article he wrote in April 08 how he took Goldman Sachs demoting Abbie Cohen for being bullish too long as a contrarian indicator, and determine yourself whether he is a joke or not.
October 30, 2008 at 1:56 pm
Ken Fisher has made some good calls in the past, but he has been completely wrong over the past year. He vastly underestimated the effects of the credit crisis. How he could miss the fact that an imploding housing bubble would be bad for the markets is a mystery to me. He must not look at charts, because house prices in relation to incomes were unprecedented and were a recipe for a recession.