There's No Turning Back
Chinese New Year January 26, 2009
The Year of the Ox - one of the 12-year cycle of animals in Chinese Astrology.
Though the Ox is the sign of prosperity through fortitude and hard work, it is no cash cow.
A bull market is associated with increased investor confidence, motivating
investors to buy in anticipation of future price increases and future capital gains.
List of U.S. states by unemployment rate Wikipedia - 2009
Unemployment is skyrocketing as businesses are forced to downsize, merge, or close. The number of people filing for unemployment insurance is rising exponentially. We move to the next predictable dilemma ... how long will the funds last? At some point, it hits bottom, which economists have been trying to predict for some time now. The honest truth is that they don't know - they can only speculate - a word that personifies the nature of the Stock Market since it began.
When people have no money they get desperate, often turning to ways of making a quick buck. Some will gamble and become addicted.. Others will do illegal things, alone or with others. Isn't that the way the stock market and much of our economy is/was run?
Please watch out for scammers - they come in all shapes and sizes and are great sales people. July 2008, I read a client - a doctor and family man - who had invested $10,000 in Agape World and wanted my opinion. I saw the economy crashing and Agape World with it. Like Bernard Madoff, Agape World's CEO Nicholas Cosmo, formerly worked on Wall Street and ran a Ponzo scheme for years. Cosmo was arrested on January 27, 2009. On that day Arthur Nadel was arrested over hedge fund frauds.
Nationalization Gets a New, Serious Look New York Times - January 26, 2009
Some see chaos and anarchy ahead ---> martial law. In the winter people remain indoors. Many are living off remaining assets. But the summer is the time tempers flare, especially in a heat wave, and people become a herd mentality resulting in riots, especially in economically depressed areas. Keep you life simply and safe.
Buying a house ... Why buy at market value when there are foreclosures. Things continue to change in the banking and mortgage industries.
Will the age old theory that money will always manifest at the 11th hour still happen as we approach 12:00?
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