Today's move has been nothing less than incredible...

DJIA +889 at 9065

S&P +91 at 940

NASDAQ +143 at 1649

If the volatility is driving you crazy, here's your opportunity

to take some chips off the table.

from what I've heard there really isnt much of a reason except anticipation of a intrest rate cut.

But if you can stay in, then stay in. There might have been a big climb today, but we are still way below the nearly 12,000 we were at less than 3 months ago. Unless you bought in well below 9,000, you are going to lose money pulling out now. If you are older, it may be a consideration, but for long term investors the best bet IMO is to stay and and keep buying. I'm convinced that there is big money to be made in all this. It is inevitable the DJ will eventually climb back to 12,000 and more. It may take awhile, but it is going to happen.

The reason this all happened is because there was a rush on cheap stock that has been battered and dumped by those that panicked. Good move for those that bought. It would have been better had they bought when then Dow was well below 8,000. But buying now is still a good move.

Here are some very recent words of wisdom from Warren Buffet...

I've been buying American stocks. This is my personal account I'm talking about, in which I previously owned nothing but United States government bonds. (This description leaves aside my Berkshire Hathaway holdings, which are all committed to philanthropy.) If prices keep looking attractive, my non-Berkshire net worth will soon be 100 percent in United States equities.

Why?

A simple rule dictates my buying: Be fearful when others are greedy, and be greedy when others are fearful. And most certainly, fear is now widespread, gripping even seasoned investors. To be sure, investors are right to be wary of highly leveraged entities or businesses in weak competitive positions. But fears regarding the long-term prosperity of the nation's many sound companies make no sense. These businesses will indeed suffer earnings hiccups, as they always have. But most major companies will be setting new profit records 5, 10 and 20 years from now.

Let me be clear on one point: I can't predict the short-term movements of the stock market. I haven't the faintest idea as to whether stocks will be higher or lower a month or a year from now. What is likely, however, is that the market will move higher, perhaps substantially so, well before either sentiment or the economy turns up. So if you wait for the robins, spring will be over. ...

Over the long term, the stock market news will be good. ... Today people who hold cash equivalents feel comfortable. They shouldn't. They have opted for a terrible long-term asset.... Equities will almost certainly outperform cash over the next decade, probably by a substantial degree. ... Today my money and my mouth both say equities.