“Stocks seem like a pretty good place to be?  ‘That’s what they told me in late 2007 and early 2008,’ Stockman says in response. ‘About seven months later people had lost 45% to 70% of their net worth. If you were in the Russell 2000, which is where Bernanke wants you, you were crushed – it dropped by 60% within 15 trading days.’  As for his advice to hide in cash he says, ‘I would rather have capital preservation, be safe. I don’t think another two, four, 10 percent is worth losing 50, 60, 70 percent when the crash comes.'”

http://finance.yahoo.com/blogs/daily-ticker/stockman-bubbles-over-hide-cash-150205492.html

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