I was listening to a radio station on the way home today. For the life of
me, I can't remember the man being interviewed. He wrote a book that
was entitled,,,, something like,,,, The Next Great Depression. He claims
that the current economic situation the US finds itself in will become
clear by the year 2010 thru 2011. He believed the Dow could drop to the
2000 level. It all seemed unbelievable until he claimed the Government
was fudging figures and the Administration was hog tied. It was those
claims which rang true for me. We've seen it before. Are we on the
threshhold of another Depression ? Is Jim Cramer wrong again ? Are the
babyboomers going to see the worse that the Economy has to offer ?
Heck, I don't know and my hope overrides much of the fear I had just
a few months ago. For those who believe there is truth in numbers (like
me) I will be watching closely and questioning everything. It sure does
feel good to see the Market rally and recoup some losses. But the reality
of the future is still unclear, thus, caution must be a part of our decision
making process. Looking forward to Monday and I'll see you then.