10/2    Why is it I see on TV about all the J6P's talking about how their
        401(k) has blown up implying they couldn't do anything about it.  Like
        they didn't realize they could login (or call their broker) and
        transfer some or all into the 401(k)'s money market fund?
        Well, you guys, Berkeley grads, know you can do that right?
        I'm talking about 401(k), not IRA or your personal stock portfolio.
        \_ Yes they can transfer, but isn't it too late to transfer after it
           has blown up?
           \_ well, guess it was more of a rhetorical question.  I already have
              my own answer.  anyways, investment tip guys:
              "repricing of U.S. credit" - you may be hearing this in the
              future.  I have not read this phrase anywhere else, yet. (in
              fact there are 0 phrase matches on google)
              (disclaimer:  this is not a suggestion to plow everything into
              random foreign stock markets.  instead, you are all berkeley
              grads and can create your own model about how this will evidence
              itself in market indicators and impacts your investments.)
              \_ What do you think this will do to the value of the dollar?
                 \_ in the short term, the value of the dollar is being
                    driven up by financial entities delevering dollar-denom
                    investments and fear that more european banks won't survive
                    the delevering.  in the medium term ...
                    also keep in mind that smart money right now is trying
                    to figure out if there is anything safer than long-term
                    U.S. Treasuries (and there may not be--but the general
                    hedge of reallocation has been going on for some time)
                    hedge of reallocation has been going on for ~1-2 yrs)
                    \_ The "smart money" was busy buying MBS last year.
                       \_ and the 3-5 years before that (volume wise).  the
                          topic is not whether this is "smart", but how you
                          stay ahead of the game.
        \_ Not every 401k is the same. For instance, at my old company the
           only 401k option was company stock. Not all are so restrictive,
           but there are at least some without a money market or equivalent
           fund.