The Fed decided not to pump liquidity into the markets today. What happened? At present, the Dow sank over 100 points. A very slippery slope, indeed.
My 401(K) has a cash position that seemingly looks like a good place to park money while the US Stock market practices kamikaze moves. What's wrong with that? Well, when you dig deeper, much of the "CASH" are mortgage-backed securities. It really makes you wonder what all will be devastated when this thing finally hits the last barricade and leaps over the cliff.... If you have a cash position in your 401 (K), you might be better served just putting your money in the international fund (especially if your company does not offer inflation protection).
California cities fill foreclosure list "We built this city on massive debt..."
Wholesale inflation jumps in July The worst of all worlds, our housing 'investments' are going down while everything else goes up.
Housing woes hammer Home Depot, Wal-Mart
Mattel recalls over 9M more toys Santa, have you been poisoning my kids?
What Does "Fed Pumps $68 Billion into Banking System" Actually Mean?
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