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To: CommanderCricket who wrote (111583)10/10/2008 4:23:05 PM
From: Paul Senior  Read Replies (1) | Respond to of 206183
 
Mrs. Cricket and Mrs. Senior:

Can't find applicable post. Did you not say last week your wife was moving funds (stocks) to cash? A significant tell imo.

My wife has been doing that (shifting some equity funds to mm funds) also.

Not knowing any better, I'll just extrapolate that across the country. Which means that most people who have wanted out, wanted risk-reduction, wanted pain-reduction, wanted to save their financial life from a possible scary future - they are about sold out or sold down to their comfort level about now. I suspect the preponderance of remaining fund holders are going to try to hold on from here.

For the general market - DOW, S&P, I'm guessing we're seeing the lows for a while. Hoping so anyway - and betting on it.