A recent article in the New York Times talks about the potential failure of more banks. This forces you to think...........is your money safe?
The Times article stated that banks are in better shape now than during the S&L crisis of the 1980s - 1990s. Does this give you the "warm and fuzzies"?
Should you move your money from banks into stocks and bonds? In a recent episode of "Mad Money", Jim Cramer says that you should forget about bonds and go into stocks. Jim feels that you have a better chance of making money in stocks during these tough times. When considering the "buy low, sell high" mentality, Jim just might have the right idea.
Zimbio
Monday, July 14, 2008
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