Suze Ormand always has an answer for financial issues. She is a favorite on Larry King Live, and once again, in emotional tones, gave warnings, predictions and emotionally-laden advice.

Her advice in the fall was for investors to take their savings out of the stock market unless they were young and in it for the long term. Even so, she wasn't keen on stocks much. Within days after her visit to Larry King, the stock market took a serious dip. When folks like Suze speak, ordinary people listen. They quote the expert and believe the person absolutely. That's particularly true since Suze Orman is as much entertainer with sizzle and spice, but not everything nice, as her advice may have in part set off some of the blizzard.
[...]
Suze Orman's advice book is now a #1 bestseller, so the woman knows how to market herself. What folks may not understand is that Orman is to finance as Anne Coutler is to politics, full of emotional hype to get attention with pat answers meant to disturb, incite and get attention.
(DigitalJournal)

I have to say that she makes my teeth grind and switch over if I have the misfortune to tune into her show. I do recall her pontificating like some medieval regent over whether live guests should or should not go ahead with some worthless purchase on their credit cards. This was just a year ago.

If she told people to sell stocks this fall - and I guess that means fall of 2008 - then both she and her followers are welcome to the nearest cliff. If she had said that last fall of 2007 then that would have been clever.

The other fact that she has been quoted as holding only 4% of her alleged $25 million net worth in stocks doesn't help her case. Even at current interests rates her cash return should keep her in smugness for a long time.

Does anybody actually listen to a word this woman says?

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