1. "Cash combined with courage in a crisis is priceless"

2. "Dont invest in things you don't understand"

3. "Don't try to catch a falling knife until you have a handle on the risk"

It's  not just courage that  matters  but also  expediency and  the  knowledge  to  know  when  to  extricate  yourself  out  from   underneath  a  mess.  Which  is  something  the  so called experts  don't  seem to  be  able to  do  so adroitly. 

They've all  drank  the  Kool-Aid  all  too  quickly without   little  consideration  for their  clients. 

The  biggest  problem  ahead   for  the  country  will  be  as  the   going  gets  incessantly   tough.  There'll  not  be the  money   out  there  as  before to  finance  many  of the  grandiose  undertakings  envisaged   by Obama's  administration.   Never  mind  the  fact  that  the  Chinese and  other   cash  laden   governments   will  be  all  that willing   to  lend   money  or  buy  US Treasury  bonds  that   pay   little  or  next   to  nothing  in  terms  of  an  interest  rate.

Prince  Alaweed  bin  Talal  loses   more than  his  shirt..........   click on  the  this  link  to  read. 

As   to  the  bailout  of  Citicorp  and  no  doubt  what'll  definitely   be  taking   place  concerning  the  Big Three  automotive   companies.  Who the hell  didn't  see  that  coming ?   It's  not   damn  rocket  science  to  begin with  and   nor  was it  at all  unexpected   !

With  bailout  the road  ahead  is  filled with potholes   for the  Big Three......

click on  this   LA  Times  article. 

It's a chilling  reminder  as to  how idiotic  the  hierarchy  within  all  three  car  companines  had become.

tophatal .....................

I have confidence that we'll be fine in a couple of years.  How well we are doing is relative to how everyone else in the world is doing and everyone is on the same sinking boat as we are... so it's all good.

The US dollar is where everyone has been going to lately because we are still the safe harbor from where everyone will go to get out of the storm... so it's all good.

No doubt, we have a huge deficit and that's an issue we have to deal with.  But it would be wise for us to manage one crisis at a time.  We'll be fine.

Keep investing, small bites at a time.  But keep buying.  You can thank me in five years.