Early this morning, various financial advisor types were talking about where money would be safe, i.e. 401 Ks, stocks, bonds, CDs, etc.
They did not recommend stocks. But they did recommend any place that would be quaranteed by the government, i.e. bonds, money markets and CDs. In other words, places that will be safe by way of the bailout money and the legislation that raised the FDIC insured bank deposits covered from $100,000 to $250,000.
So everyone is dumping stocks and going into anything protected by the government and the bailout program.
Hence the market is down....and it will come back and folks will buy, buy, buy stocks
RE: All is well just my coming to the wrong conclusion, there was nothing wrong
Wow!How'd you do that???
I am obviously using the wrong bait!!!
Best of Luck