It is insane advice. If I know the market will tank for the next 5 years I need to sell out now (whether I need the cash now or not) and find another investment vehicle for my funds. Secondly, it is unfounded advice because it implies that the person giving the advice knows the future of the next 5 years.

If the market tanks for the next 5 years there will be better investment options than just sitting it out, not least of which would be that anyone with the ability to know the next 5 years must also, presumable, be able to call the bottom of the market during that time and hence time their re-entry into the market at the most opportune time. It is just sensational journalism.


>Um...Good advice
>
>>>This morning on the Today show, CNBC's Jim Cramer said if you need cash in the next 5 years to pull it out of the stock market. If you can wait until after then, keep it in the market. He's predicting a 20% decline in the DOW.
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>>A 5 year forecast? Laughable. If you know the market is going to tank, and stay tanked for the next 5 years, why the heck would I leave my money in it? What sort of "investment" advice is that?