Thursday, October 23, 2008

Trouble on the street

Wall Street is built on a house of cards and now those cards are falling down. The framework is so weak that a mild breeze could knock it DOWn, and we are seeing the main supports give way. Today's rebound of 172 points is nothing compared to yesterday's drop of 514 points. In fact, the Dow components are now falling further overseas as investors sell troubled US companies.

We should prepare ourselves to survive the next depression. It will be a long hard haul ahead as we face difficult days on our road to recovery. Set some supplies aside to weather the financial hurricane that will soon come on shore.

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