Want further proof that you should probably ignore the Wall Street "pundits"?  Look no further than the video below.  It's a tribute to Peter Schiff who was one of the few to accurately predict the market meltdown, and as you'll see in the video he did it in the face of scoffing and ridicule from the other pundits.  Of course Schiff could have been wrong, but he and Roubini seem to have been members of a very small group of economic prognosticators who got it right which in the reality of modern media means that they were barely heard.  The best advice when it comes to investments is thousands of years old: caveat emptor. (Hat tip to commenter Anthony at Ed Cone's blog for the link to the video).