Should You Sell Your Stocks Now?

Should you sell your stocks now?management strategist Peter Cohan asks..."Do you need your money in the next six years"? If so, consider that it might take at least that long for the economy to work out the excesses that have been built up since 2001 thanks to the tax cuts, low interest rates, enormous borrowing and lack of oversight. This might lead to the conclusion that it makes sense to cut your losses now and save what you have left. While some look at the market decline as a buying opportunity, I challenge them to explain how they know we've hit bottom and what they would do if stocks keep going down. For others who need their money sooner, selling could be the best move.

Scott Drake talks with  Peter Cohan.