Get Your Money Out Now!!!

[Ready Room]

Insider info from a source would NOT say anything unless he believed it. Get to the bank and sell off any stocks AS SOON AS the market/banks open - IT IS ALL COMING DOWN TOMORROW!

God Bless and Good Luck.

[jerrymrc]

All my money was out of the market 15 months ago. I saw this coming. I would have lost 45K today and at 6 years to retirement that would not be a good thing.

I am not a believer in the "Bailout" as has been presented so far.

Pass the popcorn.

[Daniel187]

credit union baby

[RYAN50BMG]

Increase your cash on hand position, continue to reduce your debt, stay diversified, stay disciplined (not like that Marlin, I mean financially).

[Gman]

Credit unions are not immune. They buy into the National Credit Union Share Insurance Fund which is a private insurance company just like FDIC.

If you try to pull out all of your money, you will be part of the problem. I"m going to let it ride.

[CareyH]

No offense....

But the morons in the investment world are the ones that bail out and sell all their investments when they are at their lowest. I'd recommend selling only investments not likely to ever recover.

Selling all stocks now just transfers your wealth to somebody else when the economy picks up - which it always does.

A few people have lost millions & billions in this recent mess.... given time, a few others will have made millions & billions in the years to come (the ones that buy up everything YOUR dumping right now, while they are at their lowest). Also, the bailout bill failling isnt insider information - its national information. Selling tomorrow morning would probably be during the period when stocks are within 5-10% of their lowest point - bad, bad idea.

buy high and sell low right? lol

I agree with foxtrot. you may want to move some investments around but pulling out completely will just hurt you in the long run.

why keep more cash on hand? if the bottom falls out of the economy our money will not be worth the paper its printed on. keeping more ammo on hand tho.....

[Aloha_Shooter]

Panic can lead to a self-fulfilling prophecy. This crisis, like any other, begs for steely nerve and cool analysis. First of all, the only businesses in danger are those that have overextended themselves and need a credit infusion. The credit economy is the root of most of the problem here as it was founded on phantom growth and bolstered by the phony accounting typical of the Clinton administration and their pals at Enron.

I have been skeptical of the housing bubble and got out before things started sliding south. Now I have a little bit of cash and am looking for the bargains as all the idiots unload out of fear. I was TDY at the wrong time or I'd have bought Bank of America when they were below 20 -- they're sitting over 30 now despite a 6 pt drop today and their dividend is still worth a 7% yield. Duke Energy is still yielding a 4% return just off the dividend alone.

The Dems and press created and worsened a slight recession in 1992, one Billy Boy called the worst economy in 60 years even though it had already started the recovery before the election. President George H.W. Bush was mocked for advising people to stay the course -- but he was right. His son isn't using those fateful words but the advice would still hold true.

[7idl]

it may be 'that' time.

[Sixgun]

I'm sure glad i don't have any money.

[micah360]

I'm sure glad i don't have any money.

Me too... sure is a sigh of relief huh?