Thats only true if you feel were near a bottom, I believe there is much more downside. Just consider all the desperation moves of the Fed, and it has only (barely) kept things stable.



>>>>I took a page from your book and put everything I could into cash for a while. Too bad I wasn't smart enough to do that a year ago....
>>>
>>>Putting everything to cash is fine, as long as it ain't in US$. To be on the safe side, at least part of your money should be in some foreign currency.
>>
>>Really? Everything I buy and earn is in dollars. Foreign goods will become more expensive (already have) as the dollar sinks against other currencies, but I don't understand why I should hold money in those currencies unless I am worried about the dollar becoming worthless, which I am not. If I put my money in Euros, for example, isn't that an investment / speculation that Euros will appreciate against the dollar? I am looking for a safe haven, not an investment. Not forever, just to ride things out for a while.
>
>It is a mistake to look for a 'safe haven' now. Maybe it was a good idea 6 months ago, depending on your investments at that point. However, now, after the facts, you will be just late to the party, and this is usually the worst position.