Tuesday's rally may have been the last gift the market will give you for a decade. After diving a record 778 points Monday, stocks regained 485 points -- or 62% of that loss. And that might be the best you're going to see for a long long time. With the S&P 500 down 21% year to date, you have no doubt already suffered big losses in your stock portfolio, if you own any. (I think many people got out of stocks after the dot-com crash.)
But if you are a regular investor in stocks, it may be time to move out of them and park the money somewhere safe. Between 1930 and 1932, stocks lost 80% of their value -- and that's not just ancient history. Since its peak of 5,049 in March 2000, the NASDAQ is down 59%.
There are people seeking your commissions who don't want you to get out of the market -- although, selling would give them some big commissions in the short run. It is more profitable for brokers if you stay in the market and keep investing. But is that in your best interest?
Google's plan for netbook PCs moves higher into the clouds
Closing Bell: Stock bulls and dollar death (DDRX,GMCR, PEET, SBUX, EBAY, CI, TECD)
So long peak oil, here comes peak uranium
