index funds are good move~
I'd stay away from Nasdaq though.. tech is flooded and even still over-valued for the most part..
As for foreign, I think the bottom is going to fall out in many many a foreign market..
And yes I have to agree, this is probally not the bottom here.. in fact as Steve Forbes put it.. "700B is a nice start"..
Stay away from financials my friends!
Staple consumer goods and largecap-large dividenders!

I bought some european bonds.. and dumped some bullshit amounts of foreign currency (except yen-dogs!)..
Europe is going to cut interest rates real soon.. and that should give the dollar a nice jump~
If you've got gold, I'd say sell a good half of that now too~

LP, hang in there man.. throw some pennies in the bucket, DCA.. it'll ease the pain!
If you bought indices too, you'll be alright... look at it like this, you'll might make less money than you could've.. but you're still making in the long run!
The "could be worse tomorrow" mindstate is just as valid and perhaps just as dangerous in volitity as the "it's gonna turn around 180 tomorrow!" mindstate~ Take an educated shot at it.. and keep half of it on the side lines for a while.. then when the upturn looks sweet (which means you'll probally already be past the intial curve and back in the "could've made more" head again but from the other end of the spectrum) throw some more at it~

.. in my opinion

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