[freespirited]

As I keep telling people here on FR (and it just doesn’t ever seem to sink in) the place to be paying attention throughout this entire sub-prime and housing melt down is the bond market. The stock market is a side-show. The real action is in the bond markets around the world.

OK, fine, if I promise to pay attention to the bond market will you tell me where to put my money?

Figure 90% of it is socked away for long term, the rest won't be needed for at least two years.

[NVDave]

I don’t tell people where to put money. I never make recommendations on investments.

I do tell people what is going on and where to look for signs of trouble, and for the last year, THE place to look has been in the bond market. You could see the crap hitting the fan over the last year by looking at only the bond market.

The stock market has been interesting only insofar as watching the value of the common stock of many banks go down and in some cases go to single-digit-midgets.