You can look forward to picking up some good bargains in the future. There still hasn't been capitulation, and I am quite surprised how resilient stocks have been. The markets will turn a few months ahead of the real estate bottom, but I don't expect that to happen until 2011 or so. Gold and Silver have fallen recently with the rest of the commodities, but my information indicates they are both in tight supply and are also not regular commodities but also stores of value, I plan on picking up more of both. If AIG goes under, things will really start getting dicey.

The trend is still down, banks are still lying about their assets, capital will be restricted going forward, better safe than sorry.

Bob

>The financial sector is in complete free fall. First it was mortgage lenders, then investment banks, now insurance companies. I followed your lead and pulled everything out of stocks for the time being a few months ago (at least I think you said you did). Am very glad I did. I don't want to be anywhere near all this toxic waste.
>
>>Wow, Merrill & Lehman, didn't expect that...
>>
>>AIG and WaMu next??
>>
>>Buy Gold!!
>>
>>
>>>>Once they decided to put a backstop on Freddie and Fanny, it became evident that they couldn't rescue any additional large banks. My guess is Merrill, Lehman or Citi
>>>
>>>I've been hearing (well, Marshal, who's in a much better position to hear this stuff, has been hearing) rumblings about Wachovia, actually.
>>>
>>>Tamar