So??? What are you going to do...sell everything and bury your money in a hole? The international markets are down even more than the US market over the last month or so.....so where you going to go?
I'm invested for the long haul anyway....so what do I do???? Try to weather as best I can and wait for better days. I mean, your panic is amusing....but what's the point? On Mon, Mar 3, 2008 at 10:43 AM, Gruss Gott <[EMAIL PROTECTED]> wrote: > Get a new financial adviser. Seriously. This is NOT a "who knows" > scenrio. People know. > > Here's exactly why: > ----------------------------------- > "We are becoming increasingly concerned that the authorities in the > world do not get it," said Bernard Connolly, global strategist at > Banque AIG. > > Yields on two-year US Treasuries plummeted to 1.63% on Friday in a > flight to safety, foretelling financial winter. > > The debt markets are freezing ever deeper, a full eight months into > the crunch. Contagion is spreading into the safest pockets of the US > credit universe. > > Last week, the spreads on high-yield US bonds vaulted to 718 basis > points. The iTraxx Crossover index measuring corporate default risk in > Europe smashed the 600 barrier. We are now far beyond the August > spike. > > Sub-prime debt is plumbing new depths. A-rated securities issued in > early 2007 fell to a record 12.72pc of face value on Friday. The BBB > tier fetched 10.42%. The "toxic" tranches are worthless. > > Why won't it end? Because US house prices are in free fall. The > Case-Shiller index for the 20 biggest cities dropped 9.1% year-on-year > in December. The annualised rate of fall was 18% in the fourth > quarter, and gathering speed. > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;160198600;22374440;w Archive: http://www.houseoffusion.com/groups/CF-Community/message.cfm/messageid:255369 Subscription: http://www.houseoffusion.com/groups/CF-Community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5
