> ... Last April I moved 2/3 of our modest nest egg from mutual funds
> to a local savings and loan and credit union.

Conventional wisdom, and my intuition, says that 2/3 of your eggs in one 
basket is too much UNLESS the money is guaranteed. In the ?87? crash I saw 
small credit unions go belly up taking friends retirement savings with them 
because they had in turn invested in other 'products'.

Hey - isn't this religion that we're talking here ? :-)

I did note that nobody picked up on my "70 cents per day per each man woman 
and child in the US going to China" comment. The Olympics cost China 
$Billion40. They recouped that from the US in trade defecit in under 6 
months. At 70 cents each per day.

I heard that when the US market 'fluctuated' yesterday it lost about 1.5 
trillion dollars in one day. If all the investors in thos emarkets had paid 
50 cents each for each dollar lost instead of losing the dollar then the 
market could have self funded a $750 billion bail out. No? (Yes, I do see 
flaws in that, but ... :-) ).


   Russell 

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