Tony Robbins warns of market crash

Motivational speaker makes a move to market predictions. Do you believe him?

By Jamie Dlugosch Aug 27, 2010 3:23PM

Tony Robbins may be rightfully known as one of the best motivational speakers of his generation. He's helped many people who sing his praises.

 

But a market prognosticator? I'm not so sure.

 

Recently, Robbins jumped on the 'market is doomed' bandwagon, producing a video warning anyone willing to listen that a crash of epic proportion may be coming in the near future.

 

You can view the message here.

 

He's really just jumping on the bandwagon, though he does come across in a rather compelling fashion.

 

Of course, convincing speaking is what this man does. I'm not sure we should give much credence to what he says, though.

 

If anything, this video could very well be the most significant contrarian indicator we have seen in a long time. When people who have no business predicting outcomes in markets jump in, take the advice with a grain of salt.

 

In fact, the smart money will look at this message and do the exact opposite.

 

When the sheep run for the hills, the professional investor will buy. It may be a bit counter-intuitive, but when a pop-culture guy like Robbins predicts the worst, usually the best is the likely outcome.

 

To be fair, I am market neutral at the moment. I too think stocks may be in for a rough ride in the short term.

 

But readers should keep in mind my own motivation for such a stance.

 

Specifically my Top Stocks for 2010 with small changes made and noted here in my blog was up double digits when I moved to a more conservative position in the market.

 

I’m rather riding a wave at the moment whereby there very well may be selling based on the absence of positive news.

 

That said, with more and more people crying Chicken Little, I’m inclined to believe that stocks will be headed higher.

 

(Unlike Tony Robbins, I have a long history of market calls that have been right on the number. If you have an investment portfolio of $500,000 or more send me an e-mail to jdlugosch@gmail.com and I will put you on my list to receive my commentary absolutely free.)

1Comment
Report
Please help us to maintain a healthy and vibrant community by reporting any illegal or inappropriate behavior. If you believe a message violates theCode of Conductplease use this form to notify the moderators. They will investigate your report and take appropriate action. If necessary, they report all illegal activity to the proper authorities.
Categories
100 character limit
Are you sure you want to delete this comment?

DATA PROVIDERS

Copyright © 2014 Microsoft. All rights reserved.

Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.

STOCK SCOUTER

StockScouter rates stocks from 1 to 10, with 10 being the best, using a system of advanced mathematics to determine a stock's expected risk and return. Ratings are displayed on a bell curve, meaning there will be fewer ratings of 1 and 10 and far more of 4 through 7.

125
125 rated 1
267
267 rated 2
455
455 rated 3
612
612 rated 4
682
682 rated 5
695
695 rated 6
632
632 rated 7
472
472 rated 8
279
279 rated 9
147
147 rated 10
12345678910

Top Picks

SYMBOLNAMERATING
VZVERIZON COMMUNICATIONS9
TAT&T Inc9
CTLCENTURYLINK Inc8
EXCEXELON CORPORATION8
AAPLAPPLE Inc10
More

VIDEO ON MSN MONEY

ABOUT

Top Stocks provides analysis about the most noteworthy stocks in the market each day, combining some of the best content from around the MSN Money site and the rest of the Web.

Contributors include professional investors and journalists affiliated with MSN Money.

Follow us on Twitter @topstocksmsn.