[recycled sixtie]

Do you honestly believe that the govt. is going to let the economy get flushed down toilet? They are going to do whatever it takes to keep the corporations from going broke. Keeping the corporations going keeps folks employed so it is in the govt. interest.

Okay so I am an eternal optimist(the opposite of Tabs). If you buy ETF's(exchange traded funds) they say that mutual funds are outperformed by the ETF's most of the time. However I am happy to pay the 2% management fee(we pay higher fees here) so the prof. stock picker can asset allocate as he sees fit. The ETF is invested all the time. Timing the market is near impossible. $ cost averaging is probably the way to go to ride out the ups and downs.