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As I write this, the Asian markets will be opening shortly and in the morning, US markets will open. Whether the market goes way up or way down tomorrow and Tuesday doesn't matter. It will be a false market based of greed and fear. Once the market settles down Wednesday or Thursday, decide what you want to do with your portfolios. The next few days and weeks to come may become a very scary time for the market. Buying Ford of GM might be a good move for a few days, as the stock prices will go up due to the auto bailout but if it does go up, a few days later, sell before the real fundementals catch on.

A few weeks ago I wrote about the bailout of Fannie Mae and Freddie Mac and stated in a while financial stocks will be cheap and to buy. I am now changing my thoughts on the subject. My newest viewpoint is GO INO CASH!

In the past month it seems we have become involved in a very corrupt financial and political era. Politicians taking money from the biggies like Fannie, Sen. Dodd and Sen. Obama recieving the most money from the quasi-government agencies.

Now we have a 700 billion bailout bill coming to the senate and house to vote on. 700 Billion will be actually over a TRILLION once the Dems put all the pork onto it, but this isn't about the Dems. Sec. of the Treasury Paulson, who came to us from Goldman Sachs now wants us to do a massive bailout....WHY???
Goldman Sachs says they need help..again, WHY? Last quarter after taxes and dividends they made 810 million in profit.

Sen. McCain in 2005 warned congress about the dangers of Fannie Mae yet the people we elected to take care of us, took care of themselves first. IF this bailout goes through, the dollar will plumment, oil will go up, inflation and unemployment will go up. Now it is time to get out of the market, go into cash and take stratagies to protect what you have left. To make matter even worse, household debt is now larger then the GDP. The financial stability of our economy is based on sound household and business practices. People can't manage their household debt and politicians can't manage the governments debt.

Solution, go into cash, pay off all debt and then pray for the best.

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Nw that the government has taken over Fannie Mae and Freddie Mac, completely ( both were a quasi-government firm) a lot of people are believing that the economy and financial segment is the worse in history! Take heart, though, this is not the first time the government bailed out financial institutions or the largest. In the 1990's during the fincial crisis, over 1 TRILLION was paid out by the government. ( Clinton's regime)
It will get better and although some financial bank stocks look cheap, wait a while, there will be plenty of time to pick up cheap bank stocks.

It doesn't look like many are coming onto this site but I will post a thought and see what comes up.
In less then 60 days and election will be held. How does everyone feel it will affect their portfolios?
Buy more while stocks are on sale? Go all into cash or load up on tax-free muni's?
If the Dems win, I will divide mine into cash and tax-free munis.

It seems as though the market has been gaining some ground this past week. Oil and other commodities are down, stocks have rallied slightly, especially the financials.
I just loaded up on more REITs. The good thing about REITS is they always come back up over time and most pay a very healthy dividend.
It might also be a good idea to pick up some bargains in the financial sector. I'm thinking of call options on Citigroup and Wachovia, possibly a December strike, in the money. Anyone else have other ideas?

As a Land Banker, I would definitely go with Real Estate over Stocks. Land that is. The stocks are effected by external events. Land is not. It is effected by population growth and here in Southern California government figures state there will be 6 million in population within the next decade. People are making more babies but God is not making more land. Land will be more expensive in the near future. Buy in acres and sell in square feet. GET IN THE WAY OF THE DEVELOPER

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I'm not sure if we are in a recession or not but I'd like to advise everyone to make sure you have a trailing stop loss in place. The market is being run by fear right now. It might get worse, to be on the safe side, go into cash for now, in a few months there will be many bargains.