INITIAL POST: "A question for the independents on the list: Have you or are you going to move your money to a safer fund(s) in the next couple of days? A fund or funds not linked to the US economy
For the people who are employees: I'm 90% certain that according to the law, you're allowed to request that your individual money be moved wherever you wish.
I was listening to the CNN financial commentators and of course, they couldn't determine which way the stock market will go when the debt crisis is finally voted on."
RESPONSE POST: "I follow the global economy and stock markets very closely. Even though the US will probably pass the debt ceiling, it won't help with the economy, just avoid a big crash in the markets and be followed by a temporary spike. Its difficult to know what will happen in the markets because the US and other governments are directly intervening in order to keep the markets up. And subsequently its difficult to know where to invest your money. After the stock markets (and my funds) had recovered, I moved my Kranot Hishtalmut [retirement funds] to very stable funds. Again, they haven't performed nearly as well as stock market based funds in the past year. But that's because the American government has been pumping hundreds of billions of dollars through Quantitative Easing to keep the stock market up. If they can keep it up is anybody's guess."