Warning: This is not financial advice. Just my ramblings. If you need financial advice go to an advisor
The slide continues. Housing is bad. Like a large number of Americans my house slides deeper and deeper under water. If I had to move to find a job to feed my family I would have to give the house to the bank/FHA for foreclosure. On the flip side this is a great opportunity to start acquiring low end rentals.
I still recommend getting out. I think next spring we are going to see a rally as momentum builds towards a likely landslide in the Presidential election. I expect we are going to trade in a downward range until late spring next year. Look for the bottom to be somewhere between 8500 and 10000. 6500 if things get really bad. Its still not to late to sell your index funds!
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