dmangus That's because you don't live in The USA Spain Ireland...

dmangus
That's because you don't live in
The USA
Spain
Ireland
Greece
Italy
Uk etc etc
By the way, isn't the market down for the year. I recall flying to Sydney for work in 2007 and reading in the fin review in About May/June about the sub prime mortgage issue and the leverage of the banks, a little article , easily missed. The market went up for a few more months. I read this thread as t helps formmy views on how much exposure to have in shares at any given point in time. I unlike many here am not good enough to loch ST movements but I am clever to know when things are stuffed and what that will eventually mean for stocks.