Wow, Wow, Wow

[Ultra]

The writing has been on the wall for 2 years, this was inevitable. I moved 60% of our 401k's a year ago, I moved the other 40% over a month ago. Everything has been way over valued for years.
I don't believe a turn around is coming till 2011. I think you will see the dow at half its peak, about 7000. I think were also going to see housing at 60-65% of its peak value.
The good news is I think oil will be at $50 a barrel. My .02

 

[AzCats]

Back in mid March,I had a hunch this was coming. I moved everything out of stocks. My 401K has gone up a little over 2 % since then. I wouldn't be surprised if things fall as low as the 5-6000 range.

 

[Diesel99]

12-Month Asset Deflation (Stocks & Real Estate) Has Already Exceeded 80% of the GDP!

It is close to 90% of the GDP for the latest 4 quarters. THIS HAS NEVER HAPPENED BEFORE, EVEN DURING THE EARLY YEARS OF THE GREAT DEPRESSION TO THE BEST OF MY KNOWLEDGE OF THE 1929-1933 PERIOD.

The US economy will be in full-fledged depression by late 2009 and in 2010 President (insert name here) will propose a $5Tr. Fair Deal program for a 5-year period in an attempt to jump-start the economy for the 2012 re-election. Of course, he will propose a new stimulus plan as soon as he is in office next year but it wouldn’t do much to avert the depression.

The dirty deed of pushing the US into the coming Greater Depression at a later date (pushing the problems into the future) was already done under Greenspan and is being continued under Bush, Bernanke, Paulson & Co. Pushing Debt has been a mistake. Aren't Americans "unlucky" to have such great debt pushers in power?

 

[FreeAgent]

I have a customer who was a city cop for 10 years and quite his job Sept 1 cashed in his retirment and took a 2nd on his house to become a at home day trader.....BRILLIANT!

 

[justadude]

Why did I have to be right!!!!

I'm now off 37%!!!!