Rams2006,

Thanks for your insight; it is helpful. If your clients are getting out of equities.. A couple of questions:

1. Do you think that a sustained rally would encourage some to put money back to work in equites in the immediate future? What do you think it would take? Do you expect more selling as we get closer to tax loss time in December?

2. What other investments are the higher net worth individuals moving towards if not equities or bonds?

The people I talk with are not even looking at real estate as an option because of issues with cash flows, financing, and where may be the bottom. No one wants to buy a business in this climate due to uncertainty(Normally that is an option). Commodities look weak if a depression may be coming. I have to believe gold and to a lesser degree silver may be the safest alternatives and be seen as the "last man standing" alternative.

Thoughts?

SilverNut