Bubblesitter, interesting that you opened this thread on about the same day that the market topped, and the same day that Eric Jantzen at iTulip called a market top. You have obviously been doing your homework.

I am definitely more risk adverse today than even a month ago. I posted this link on another thread, but I’ll post it again here:
http://market-ticker.denninger.net/2007/08/weekend-speech-part-deux-come-to-jesus.html
I had a lot of cash in one particular internet bank, several times the FDIC limits. It’s four star rated by BankRate.com, and I had thought that the chances of it going bust are slim to zero. I have rethought that notion with the turmoil of the past month. Even if the bank doesn’t fold, there is a good chance that there will be “runs on the banks” out of people’s fear which could cause systemic risk. I feel it’s better to be prepared than not. Kinda like the saying “it’s better to have a gun and not need it than to need a gun and not have it.” So I’m transferring my cash to other banks and opening additional accounts to keep the amounts within insured limits. It’s a big hassle. I’m one of those people that likes to have things all in one place. But I’ve always believed that the successful people in this world are those that are willing to adapt to changing circumstances.