My comment: By the time a market crashes, money has already been lost (it’s possible to delay a crash only so long as nobody cashes in). So I’m not worried about losing money in the crash, even though I’ve already lost quite a bit. My bigger worry is that the government will keep changing the rules of the game in an effort to ‘fix’ things. Even bad but predictable rules are better than rules that nobody can rely upon.
It looks like your are prescient. I have heard that tomorrow they are going to change the rules on where they will spend the 700 Billion already authorized.
The change if from liquidity in handouts to banks and Wall Street firms by buying their junk paper to direct investment (preferred non-voting stock) in "troubled" banks.
Actually, that may be a better idea. Before, we had no idea what kind of assets the US government was buying.
Who knows....this week will tell an awful lot about where we are headed from here!! Times are a bit more "interesting" than I ever wanted them to be.