Deuce $

This Isn't a Bottom, It's a Disturbance in The Force

I would agree that if you are going to sell to not stay out of the market for a long period of time. There are going to be companies, outside the financials, that have low debt and lots of cash that will prevail. Look for them and don't worry if you don't get the bottom price. These are historic times, but the U.S. is not going to sell out to the likes of China, Russia, and Europe. They have worse problems than we do in some cases. We have the infrastructure and resilience to weather this downturn and financial crisis. It is just going to take some time for the implementation of cash to work through the system. We still aren't done heading down in the overall market.

When It Rains, It Pours

I think people who get burned by relying on the media to break the news deserve to get burned. A true investor would have done the research and made sure the news was fact before jumping in. That is part of the risk in dealing with stocks that are on the brink of going insolvent and those who are actual viable buys. Trying to pick up a few bucks on a buyout breaking news story is, in my opinion, not a true investors buy signal.