Here's what I am telling my clients.........

Money already in invested.....only move 20% to a safer position. The other 80%: ride it out.

New money to be invested....move 20% in now(there are some good things to buy) and hold the other 80% out (in 3 to 6 month CD's) until the b.s. with the banks/mortgage companies smooths out.

Don't panic. The Dow went from 10,500 to 14,000 in two years. When you feed a baby too fast it burps. The stock market just burped. Memo to U.S.A.: Start feeding it again slowly and don't lend $ to morons who would rather walk away from a house than work to keep it. I'd sell my left *&^% before I would walk away from my home.