LariAnn

Could the Dow Sink Another 50% by 2012?

IMHO, all it will take is a fairly major natural disaster (catastrophic hurricane in oil-producing zone like the Gulf of Mexico) or political action (nuke test by Iran) and the markets will be thoroughly roiled. The world economy is not stable by any means. Momentary euphoria aside, all it takes is one good reality check, and like the results of a 2 x 4 smack to the head, people will wake up and smell the burnt coffee. At that time, hope you have reduced or eliminate your debts and have hard assets or goods of lasting value that you can fall back on. . .