Thanks for posting this sobering account of where we are and perhaps where we are headed over the medium term.
My only wish is that many people take the time to read this and absorb the contents and make their financial decisions accordingly.
I have written before that I do believe that the market has some way to fall yet before any sustained rally takes place.
For the next 12 or so months, it will, imo be one step forward, two steps back.
When we see a slowdown on the collapse of the US housing market, with perhaps the first signs of growth in that sector, imo this will be the first signal that this mess we are in which started with the sub-prime lending in the US could be behind us.
I am not for one second saying that it will be UP from there, only that it could well be the first signal that the worst is behind us.
Remember the US housing market was the first domino to fall some 18 months ago now and I do believe it will be the first indicator that the worm has turned.
Here in Australia, any upturn will, imo be slow however I do see the materials sector being the first area of recovery as commodity prices stabilize at near record lows.
Until then, please investors and onlookers alike; be careful and try your best to ignore those who will try to sucker the unsuspecting into a "dead cat bounce" or "suckers rally" as there will be a few more of those before we truly see the back of this global economic crisis.
THE ABOVE IS NOT FINANCIAL ADVICE AND NOT DESIGNED TO BAIT, TROLL, FLAME, CREATE AN ARGUMENT OR OTHERWISE CAUSE OFFENCE TO ANY PERSON WHO SO-EVER IS ENTITLED TO DISAGREE WITH MY OPINION AS STATED IN THE ABOVE TEXT
