It's only natural to take a cautious approach to the stock market, given its sometimes volatile nature and the risks associated with investing in stocks and other financial instruments. Here are some considerations to be wary of the stock market: 

1. Market Volatility: Stock markets can be subject to rapid and sometimes significant fluctuations, which can result in fluctuations in value in investment portfolios. 

2. Risk of Loss: Any investment in the stock market carries a risk of loss due to fluctuation in the prices of shares and other securities. 

3. Impact of External Events: Economic, political and geopolitical events can have a significant impact on financial markets, which can increase uncertainty and risk for investors. 

To mitigate these risks, it is important to diversify your portfolio by investing across a variety of assets, sectors and geographic regions. Additionally, having a long-term perspective and avoiding impulsive decisions in reaction to short-term market movements can be beneficial for investors. 

Being wary of the stock market doesn't necessarily mean avoiding investments altogether, but rather taking a cautious and informed approach, keeping risk management and diversification in your portfolio in mind. Working with a financial advisor can also help you navigate the complex landscape of stock market investing while minimizing potential risks.