Page 10 - Jim Stack News Today : Breaking News, Live Updates & Top Stories | Vimarsana

>> neil: all right. we had a record day today. not for home builders today. a lot of those stocks were tanking. a lot of it i think had to do with the interview of jim stack, the market legend. he said he's worried about housing getting long in the tooth here and we could have a housing meltdown. there's other concerns that home sales kind of sort of drifted off of their blistering base. they're still incredible. what to make of what jim stack said is a stacked deck against investorses. scott, what do you think of that? >> it's interesting. i think he's got something here to be honest with you...

And everything else could keep it going. to jim stack's points, not everything that goes up keeps going up. that might be obvious. but i thought it's a timely reminder. good night. achoo! (snap) achoo! (snap) achoo! achoo! (snap) (snap) achoo! achoo! feel a cold coming on? zicam cold remedy nasal swabs shorten colds with a snap, and reduce symptom severity by 45%. shorten your cold with a snap, with zicam.

Here and say that we are going into a recession. we are still almost 80% invested in the market. but for the first time in over two years, we reduced our allocation from 83 to 78%. this is a time -- >> neil: where is the other money? cash, bonds, both? >> basically earning safe short term yields. it's a time to step safely and carry a comfortable cash reserve that allows you to sleep at night. >> neil: understand. thanks, jim stack. i want people to hear what you have to say. balance out between the frothe and the nightmare scenarios. i want to thank you very much. again, it's up to you, folks...

I just have a bad feeling about this. he spelled it out again and again. i can't tell you the people that ripped him a new one. he was right. his name is jim stack. stack financial management. he gets his wisdom from the beautiful skies of montana. he joins us on the phone. i hate to break it to you, jim is a little worried about some things going on right now. you can accept or reject what he's about to say. that's your call. i'd like to remind viewers that we always get the bull and the bears. we have those optimistic and those that breathe a note of caution. we're not going to give it all o...