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Billionaire Barry Diller tells stock investors to go to cash, ‘save every nickel’

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Business Insider/Emily Graffeo/9-22-2020

graphic image collapsing house of cards“‘I would stay home.” That’s what billionaire Barry Diller told CNBC on Tuesday, in an attempt to urge investors to save ‘every nickel’ they can and keep cash instead of diving into stocks. ‘I think the market right now is a great speculation,’ the media mogul said …”

USAGOLD note:  Have you ever noticed that the most strident warnings over the past several years have come from mostly self-made business types – people like Barry Diller who came up the hard way, see stocks as a house of cards and feel compelled to voice their concerns to the larger public.

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