SuperModels3/13/2008 12:01 AM ET
Sell stocks while the selling's good
The euphoria over the Dow's 400-point day isn't going to last. But smart investors can avoid the worst of any train wreck ahead by unloading most stocks and nongovernment bonds soon.
By Jon MarkmanCentral banks and corporate leaders are locked in the battle of their lives this month as they join in efforts to head off the worst credit crisis in at least four decades, pulling every monetary and fiscal trick in the book -- and inventing some mutant new ones.
Yet veteran observers are swiftly coming to the conclusion that attempts to regain world financial stability could be doomed due to a stunning crash of commercial-debt financing and lack of trusted leadership, and they now believe private investors should take advantage of any rallies to purge their portfolios of most stocks and nongovernment bonds..........more at
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