Reply #9: So the author would recommend putting your savings in?

[maui9002]

Real estate? (not looking too good today--unless you have extra funds to be a buyer in this market, but most investors don't have the funds necessary to invest in much more than their own home and possibly a second/vacation home).

CDs? (currently 3% to 4% except for very long term CDs and make sure you don't have > $100K invested in one FDIC insured financial institution).

Savings accounts? (see CDs except lower rates).

Municipal bonds? (see CDs except lower rates although with tax advantages).

Gold/Silver/Precious Metals? (at historic highs but scary investments now--because what has gone up significantly in recent past generally is due to come down significantly in not too distant future).

Oil/natural gas? (Ok, but how do most average investors invest in oil and gas? Through stocks in oil and gas companies).

Simply put, it's ok to rip on the stock market now but given the lack of better financial options, a long term view, the benefits of dollar income averaging, and a firm belief that the economy (both domestically and internationally) will recover in the long term, I'm of the view that stocks are getting cheaper while I'm still a buyer through my retirement plan.