vagabond

With the Asian and European markets all plunging yesterday, the Dow is following suit today. It's easier said than done, but cash is the place to be now. However, as I have always said on this board, I don't think it will last too terribly long, but it'll be painful while we're in the throes of this thing.

Hang on, everyone!

Luckydawg

Great time to "start" cherry picking some good buys. I wish I had cash but this industry has taken its toll on my cash! I pulled my 401 to the side lines and timed it a bit but plunked it back in too soon. Timed it a little but this hurts today!

Ewfflyer

I liked what Ben Stein said on the CBS sunday morning. These things will last maybe 6 months, people still need things, and we are able to supply those needs. It's just a bump in the road.

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ToiletDuck

Keep posting Vega that's how I'll know you're still with us.

EAHINC

I agree with him. The overall fundamentals are strong. The global economy expanded 30% since 9/11. Hundreds of millions of people have entered the middle class around the world this decade and that helps our economy. In the last 4 years the growth of the US economy alone exceeds the entire output of china (you never hear that from the media).

US productivity is twice the rate as a decade ago. With the advent of technology, corporate inventories are leaner thus can react quickly to consumer fluctuation. Corporate balance sheets are flush with cash. The fundementals are strong, it will just take some time to work things out and get consumer confidence back on track.