\ Stop this doom and gloom. There is no need to feel miserable. You donot need this. Here are some facts and figures, empirical data that you can cooly intake and take a deep breathe: "At 0.6% growth, the report on fourth-quarter gross domestic product was not revised higher from a preliminary estimate, as some economists were expecting. Bear Stearns chief U.S. economist John Ryding noted that only strong trade numbers prevented the economy from shrinking, as domestic demand fell 0.3%. U.S. initial jobless claims rose 19,000 last week to 373,000, and the prior week's claims were revised 6,000 higher. The increase in claims raises "some red flags on the economy, though the levels still aren't in the 400,000 recessionary area," Action Economics says."
Look at a chart of the S&P back in 2002 2003 and compare it to where we're at today ...no comparison -- if we reach those lows then feel that pain.
either way there's plenty of profit to be made. we're blessed the market is moving one way, the other, and both instead of sitting still.
About 7 or 8. Look at the attached 10 year chart of the S&P500 with monthly candles and the 20ma. When the S&P had its first monthly candle close below its rising 20 month moving average in January 2008, it was potentially the beginning of the end for stocks. Notice that when this occurred in Nov 2000, a bear market ensued for 31 months.
The USD currency situation. On a scale of 1= Gold 10= Toilet paper I think we are at 7. The end game has started.
Beg to differ: 1. Soup kitchens going begging for food at these prices. (on a side note, if you need to donate money/food somewhere, please consider your neighborhood food bank.) 2. Medicare reimbursement will be cut proportionate to the number eligible. Zero sum tagged to CPI or money supply. No change. Physicians stop taking new medicare patients. 3. SS collections, alas, we can't get out of. But that's not really a problem until 2030. Sorry to ask this but what the heck is a 'death sand box'?