This thread is for U.S Citizens. Is there something that has to happen before you do a run on your bank? Are you looking for a specific number on the dow jones or on your banks stock price? Or gold or how the fed deals with interest rates just the progress of the bailout plan? If The dow jones hits 7000 Im going to pull out all of my money out of my local bank before everyone else does. I use to invest in ponzi scheme scams and learned a long time ago, timing is everything and you gotta pull out your money before everyone else to win. Banking is just one big ponzi scheme too.
I was thinking of putting my money in a CD, but right now at this point, im going to watch the situation. You can't pull money out of a CD without a penalty. If the stock market starts crashing badly, I aint screwing around im taking it all out. I hear Paulson is waiting till the election is over before he asks for a 2nd bailout plan, so its definitely wait and see for me.