<why will the market be crap for the next couple years? ALso, how can we prevent it from happening? >
I'm talking about the broad market, there will be pockets of performance of course... I'm buying gold [not too bearish eh?? ]. But IMO the damage is done, the debt has been taken on and must be worked off... as I've said before, throughout the whole economy. Individual, corperate, all types... record debt by any measure [% GNP, family Y, whatever]. The worst of course was telecom, which is obvious already... LU going bust, WOW.
Anyway, no we're going into a recession, the lagging indicators are the same sector of the economy to get hit next all in a row: We've seen the fastest growth areas screech to a halt, and indeed reverse [lay offs], and then run of the mill growth companies do the same [unfortunately for manufacturing, etc. it's been a steady decline pretty much throughout], and next?? Well, it's pretty obvious what that is, and it hasn't even started: Consumers pulling in their horns... housing, gadgets, cars, travel... you name it. 2 Years??? Hell YES!
Can't stop it... we're overdue for a recession, the economy is levered to the hilt and ready for action... ooops. Greenjeans kept the party going as long as he could... even if he hadn't raised rates it would have just been worse a year later.
DAK |
