I took this off of the real "ball site". Level 1 assets usually take 2.5 years to find a bottom. We are just a little over a year in the downfall. The greatest depreciation usually comes toward the second year. If you thought 2008 is bad, 2009 is going to be a nightmare with Ford and GM going bk. All those vehicles left in the street unservicable while those carloans will be defaulted upon. Morgan Stanley going bankrupt. The credit rating of the US being downgraded. Terrorist attacks happening while the US retreats out of Iraq. Mass foreclosures of US homes coming in waves. China forcibly taking back Taiwan. 2009 is going to be fun.