No. of Recommendations: 0
B&W wrote Will they really CYA of the people? Do you really believe they will have the foresight to jump out of the market . . . .

In my view nobody has the skill and foresight to consistently jump in and out of the market. A few folks occasionally to guess correctly.

My suggestion was have cash or MM funds so one can hold the course for events like Sept 2008 through April 2009. My general view is 5% of a portfolio.

I firmly believe in my two investment ideas:

#1 Stay The Course
#2 The Buy High, Sell Low approach has too many problems.

I can only speak for myself, but it was clear to me when Congress voted against TARP in Sept 2008 and the market tanked, things were bad and going to get worse even though Congress corrected their screwup. And I do not personally know anybody who predicted March 9, 2009 was the bottom - although Mark Haines did say that on CNBC. Myself in late April or early May on 2009 I thought is possible the worst was over.
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