powayseller, thanks for Yamamoto information. More for the arsenal.
I’ve been reading here for a few months and Piggington posters are way ahead of the curve. I’m having a hard time convincing my husband that the housing downturn is the harbinger of a consumer-driven recession. He thinks the feds will keep things from getting too bad. He is smarter than me, but doesn’t spend a lot of time pondering the implications of all that debt out there.
We have almost all of our money in individual stocks or funds. If we move over to CDs and t-bills we will take a bath on the capital gains. I think it beats the alternative. Heck, we might as well buy a house if we are going to sit and watch the market ooze away our life savings. How can I convince my husband? What was the tipping point for those of you that are getting out of the market for now?
