I'm late in posting on this thread and from the good Colonel's response a couple posts back, I'm not going to read backwards. Rather I'd ask what intelligent folks think of the road ahead. Does one bail on stocks and mutuals and hide out in money market funds or does one ride out the storm (meaning sit pat and do nothing since you only lose if you sell)
B B
BB look at the long term history on the stock market - it averages out at 10-12% a year.
I look at this as a buying opportunity - but I am 40 with at least 10 years before I retire...have my kids college paid for and have a retirement funded in large part by Uncle Sam (and your tax dollars, thanks by the way!).
Heard of some folks dumping out to CD's and such, but that locks you into a low interest rate for a set period, not my cup of tea.
Guess it depends on your stomach and situation...mine is iron clad and I am in for a long haul.