Sell your 401k or hold on to it?

WEST PALM BEACH, FL -- In stock markets around the world today, both losses and fear.

Stocks falling so fast, markets in Brazil had to be halted.

Here in the U.S. predictions that the housing crisis, now made worse by the BANKING crisis, will push unemployment rates to seven, maybe eight percent -- a 25-year high.

Jim Cramer, on "Today", saying stocks could FALL another twenty percent.

"Whatever money you may need for thenext five years,please take it out of the stock market this week"

Perhaps. But our expert says don't go overboard.

 "The reason why the market has been down in the last 4 or 5 days is because people are selling stock not because they want to but because they have to."

Investment expert John Pickett says if you are not in that category, hold off and hang on.

"If you don't have to sell if you have a 401K dont panic let the market play itself out over the next six months."

Friday's vote for a government rescue package was SUPPOSED to ease concerns it didn't.

Across the globe, foreign investors are worried about THEIR banks, and whether U-S consumers will buy fewer of their countries' cars, electronics and oil.

But for all the losses, there are deals out there if you have the cash.

Says expert Pickett, "Apple is trading at 95 dollars a share..It was at 200 eight months ago. In the long term, it's tremendously cheap. Thats why I'm looking at it right now."