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Strategies & Market Trends : CFZ E-Wiggle Workspace -- Ignore unavailable to you. Want to Upgrade?

To: Galirayo who wrote (9892)	1/29/2009 5:57:24 PM
From: Perspective	1 Recommendation Read Replies (1) \| Respond to of 41411

Yes, I agree. People are vastly underestimating the depth and duration of the secular bear we have entered. Our problems aren't something that are going to be solved in a timeframe measured in months - unless you want to go into triple digits, that is! Our bubble started bursting when BKX topped out in the beginning of 2007. We're two years into a decade long affair, IMO. No quick governmental response is going to "fix" it either. The Piper must be paid; you can do it quickly, ala 1930-2, or you can stretch it out over a couple of decades, Japanese style: Given the political desires to "DO SOMETHING", we'll probably end up with a long, drawn out affair like Japan's lost decades (which now number 2). Is that better? I dunno; the Depression was certainly a painful period for the country, but we began recovering after only a few years by many metrics. Japan OTOH hasn't experienced a whole lot of pain, but they've been stagnant for a very long time. I guess the latter is easier on the social fabric... `BC