[Proud_texan]

"I told him to get out and go all cash"

I'm not calling a bottom but historically when amateurs pull out of the market it's a bottom.

It is probably true that one day there will be an end to the world. However I would suggest that market corrections, the cruel month of September and the business cycle happen much more frequently.

[murdoog]

It is probably true that one day there will be an end to the world. However I would suggest that market corrections, the cruel month of September and the business cycle happen much more frequently.

That's what I would have said last week. But Lehman brothers going under and AIG getting taken over by the government goes beyond standard "cruel month of September" fare.

[RobRoy]

>>I’m not calling a bottom but historically when amateurs pull out of the market it’s a bottom. <<

Actually, I think it is when “everybody knows” only a fool would enter the market.