Jim’s Quote of the Day:

“…anyone who has been dragging his feet and has still got the bulk of his savings in the banking system, particularly the U.S. banking system, it’s getting almost too late to act. You need to move very quickly to get the bulk of your savings out of the weaker banks…ideally…you should own U.S. Treasuries directly in a money market fund…don’t sit around until it’s too late…finding yourself at the back of the line in front of your bank.” – Robert Prechter, quoted in Once in 100 Year Crisis?