Yet here you are, doing the same thing:)

Lucky for us we have someone (clouds555) who knows EVERYTHING about politics and the economy.

I'd choose being a RepubliCAN over a dumb-o-crat any day:)

If everyone changed their investments because of a "gut" feeling, then I think we all would be in the grocery store checkout line delima. Everytime you think the next line is doing better (going faster) and move to it, the one you were just in speeds right past you. It is better to just stay put.

401K? What 401K? Our 401 is all in stocks. Our motto is....don't watch it. It will come back eventially. But I suppose if you are close to retirement, you would have to do something. I truly believe that this is all under "someone's" control. And personally, I don't believe a dang word that comes out of Bush's mouth. He is almost out of here, has enough income to last his miserable lifetime, and I think he is just doing a great big ole swipe of the brow.

According to our COnstitution our currency is supposed to be "backed by Gold". Who changed that? Whose housing program designed to get more minority's and singles in homes created the sub prime market?

I see that clouds555 must be a dumb-o-crat

Gold did nothing for 25 years, but the dollar has never been as weak as it is now. Gold is inversely proportional to to the value of the dollar (measured vs the other major world currencies), which will be in serious jeopardy if we keep printing more $$$, but what do I know.
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I'm just waiting for the short ban to be lifted myself, then you can target all these failed financials again, and cash in as the drop like a stone. Fortunately the ban of shorting did not include option trading. So you can still open put options, and cash in as the price of the underlaying stock goes down, and leverage your gains even more so in the process. Of course the very shroud investor will hedge any long term gains they have made by playing put options, as you are then protected from any market crash.

Covert to cash, The only time gold goes up is when everything is worth less. When gold falls it falls fast. Now over 800 dollars an ounce. This happen in the seventies. I bought gold at 600 an ounce and before I could cash it in, gold dropped to 400 an ounce. People believe there is security in gold, only if you watch it every day. Our economy is no longer based on the Gold Standard. The value of the dollar will fall as it has been, but fail, I don't know? A lot of people turned their dollars to Euros in the past two years. Many took their money off shore. This is a global economy. If our dollar fails so does the world involved. Dollar now worth 76 cents. Gold is just a commodity like oil, copper, platinum. People go there for safety. They also go to Treasury Bonds. But if our Triple A rating is affected by this Bail out which it might be Then we will have real trouble.

all i know is that it is holding steady for the last 6 months or so.

not sure i guess. i let them handle it in a semi agressive since i am young sorta.

??? Us poor people have to "bail out" the rich people? Whem are us Americans gonna wake-up?? of course, this aint going far, because poor people caNT afford the internet.

Gotta have something in order to change it.

For those who looking to make a wise investment in this volatile , you may want to look at gold and precious metals. Those companies should do very well IF this bailout happens, as the US dollar will officially be doomed. That of course drives up gold, precious metals, and commodities as they are all denominated off the dollar.

I was making a killing on my IRA. Then the clowns from the SEC stepped in last Wed a put a BAN on shorting these financials. What a joke that is. That "big rally" you saw Thursday and Friday...Uhhh, news flash...That was SHORTERS getting out (you have to BUY to cover a short) knowing the ban was coming.
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Oct 2nd they claim the short ban will be lifted, in which I'll just keep on shorting these FAILED companies. Best way to make $$$ in the market is to find an over hyped, failing company, and short it. It works very nice until big daddy government steps in to bail these failed companies out, and let all the CEO's and executives walk away with millions.

Buy high, sell low...that's my motto.

Believe nothing that you hear, and half of what you see!!!!!!!
People are not affraid of what they know, they are affraid of what they don't know. So junk in, is junk out that's the US standard , AND RIGHT NOW ITS ALL JUNK!!!

Paulson, Bushs Sect of the Treasurey insured Money Markets in the past few days , cause people withdrew their Money Market funds to the tune of 84 Billion dollars. Sort of had a run on Money Markets the other day. Don't know how much he insured them for, did this so people would have confidence in the Banks.

If you have a 401(k) or IRA you are probably invested in these "big banks" or "huge corporations". In light of that, we may be bailing out ourselves, as well as the fat cats.

This is , simply put, the well connected looking out for the well connected!!!!

Further, it should not be the taxpayers' burden to save these companies without our say. Shouldn't their be a vote on this? I know this is time-sensitive, but I would imagine an emergency vote could be set up.

I probably should, though, until things level out. The gov't is bound to screw this up. It's so nice to see them ready to bail out the huge corporations at the drop of a hat when it's all of us regular folks in real trouble. These corporations get huge tax breaks and other special legislation and still can't manage their money. Maybe they should stop paying their CEO's such insanely large salaries for basically running them into the ground. But, I suppose it doesn't matter as the gov't is getting set to bail them all out.