If you've invested in stocks for the long term
and are not planning on retiring within the next 18 months they should be relatively safe.
The problem yesterday was because the House failed to pass the bailout bill which caused panic selling.
Today, people are panic buying because they're realising that the economy will fall even further if they don't - and they're getting in cheap!

As for WAMU and Wachovia being taken over, all accounts are FDIC insured up to $100K - spread the money if you have above that between banks.

I'm not worried about my stocks, I don't like to see them falling, but I'm in it for the long term.
( Batshitmentalist is sane for once, Tue 30 Sep 2008, 17:40, Reply)