Stein: Homeonwers and Investors, Time to Get Real
Ben Stein warns that in the long run stocks will do just fine......but the short run could very well be difficult. He also warns that real estate has much further to fall (and I agree). But he doesn't advise you to sell stocks, or for that matter real estate (unless you have to, and to then be realistic).
He also echoes Jeremy Siegel's warning about higher taxes, specifically on stocks - this will lead to lower stock prices. He believes John McCain is the only candidate that will not raise taxes, from what I can gather this seems to be correct, though I'm not confident that all candidates will not raise taxes.
Scott Dauenhauer, CFP, MSFP, AIF