Burton Malkiel's View

Keep your money in the market | The Australian

Financial institutions around the world have suffered life-threatening, self-inflicted wounds by purchasing over a trillion dollars of complex mortgage-backed securities backed by dodgy loans based on inflated real-estate values. These assets have been financed with enormous leverage and with short-term debt.

General overview of the current crisis, the cause, and advice on what to do in the current market. Written for Wall Street Journal by Dr. Burton Malkiel, author of renowned Random Walk Down Wall Street.
Something to have in mind for the moment:

investors who bail out of equities during times like these are almost always making the wrong decision

This may seem obvious but too many now follow the herd mentality. For those with a long-term investment in mind - stay the course, keep on buying while the prices are low to fix the average price of your portfolio.

The advice is simple and effective for those who are not succeeding timing the market.